Portsmouth, Rhode Island (zip code 02871) is a beautiful coastal town with plenty to offer its residents. The 2 bedroom rent in Portsmouth is $2,290 which is slightly higher than the US average of $1,430. The Cost of Living Index in this area is 108 versus 100 in the US. This means that groceries and other goods tend to be more expensive here than the national averages. Local businesses in Portsmouth include Newport Harbor Corporation, City Electric Supply Company, and Coastal Dental Arts. Residents of Portsmouth can expect to pay a bit more for daily necessities, but they will be rewarded with an excellent quality of life.
Portsmouth (zip 02871) has an unemployment rate of 6.7%. The US average is 6.0%.
Portsmouth (zip 02871) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Portsmouth (zip 02871)
- The Sales Tax Rate for Portsmouth (zip 02871) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Portsmouth (zip 02871) is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portsmouth (zip 02871)
- The average income of a Portsmouth (zip 02871) resident is $44,990 a year. The US average is $28,555 a year.
- The Median household income of a Portsmouth (zip 02871) resident is $104,677 a year. The US average is $69,021 a year.