Housing costs in Portsmouth?
A typical home costs
$258,100, which is 23.7% less expensive than the national average of
$338,100 and 24.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,320 per month, which is 5.7% cheaper than the national average of
$1,400 and close to the state average of
$1,320.
Can I afford Portsmouth?
To live comfortably in Portsmouth (zip 23708), Virginia, a minimum annual income of
$49,320 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Portsmouth?
Portsmouth, VA is a great place to live with an affordable cost of living. The cost of living index in Portsmouth is 92.5, which is 7.5% lower than the national average. In comparison to other major cities in Virginia, such as Norfolk and Richmond, the cost of living in Portsmouth is much lower. Rent prices are particularly attractive when compared to other cities in the region, as well as groceries, healthcare, and transportation costs. Overall, Portsmouth provides a great quality of life for its residents without having to worry about expensive living expenses.