Cost of Living in Portsmouth city, VA

What does it cost to live in Portsmouth city? Income, housing, and affordability breakdown.

Median Income

$57,154

Median Rent

$1,225/mo

Median Home

$213,300

Affordability

354

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,079
Property Tax$197
Insurance$71

Total Monthly$1,347
% of Income28.3%

Renting

Median Rent$1,225
Renter's Insurance$25

Total Monthly$1,250
% of Income25.7%

Living in Portsmouth city, Virginia

Portsmouth city has a median household income of $57,154 with housing costs that represent 28.3% of income for owners and 25.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 354 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.