Housing costs in Portsmouth?
A typical home costs
$239,600, which is 29.1% less expensive than the national average of
$338,100 and 30.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Portsmouth costs
$1,220 per month, which is 12.9% cheaper than the national average of
$1,400 and 8.2% cheaper than the state average of
$1,320.
Can I afford Portsmouth?
To live comfortably in Portsmouth (zip 23709), Virginia, a minimum annual income of
$46,080 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Portsmouth?
The cost of living in 23709 Portsmouth, VA is relatively low compared to the national average. According to BestPlaces, the cost of living index for this zip code is 92.6, which is 8.4 points lower than the United States average. Additionally, housing costs are below the national average, with monthly rent prices being around $928 on average. Other expenses such as groceries and transportation are also more affordable here compared to other cities in the US. All in all, 23709 Portsmouth, VA offers a great cost of living for anyone looking to move to the area.