Portsmouth is a great place to live, with a median two-bedroom rent of $1,090 compared to the US average of $1,430. Additionally, groceries are cheaper here than in the US as a whole, with an index of 95 compared to 100. This affordability makes it a great place to find work and start a family. Local companies in the area include Landmark Communications Inc., AMF Bowling Centers, VB Leasing Inc., and Virginian Pilot Media Companies LLC. These companies offer excellent career opportunities for those looking to stay local while still earning competitive wages.
Portsmouth (zip 23702) has an unemployment rate of 8.5%. The US average is 6.0%.
Portsmouth (zip 23702) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Portsmouth (zip 23702)
- The Sales Tax Rate for Portsmouth (zip 23702) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth (zip 23702) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portsmouth (zip 23702)
- The average income of a Portsmouth (zip 23702) resident is $17,270 a year. The US average is $28,555 a year.
- The Median household income of a Portsmouth (zip 23702) resident is $44,619 a year. The US average is $69,021 a year.