Cost of Living in Portsmouth, NH

Housing

The housing market plays a significant role in determining the cost of living in Portsmouth, NH.

• Housing Index: 120.8 / 100
• Median Home Price is: $425000
• Average Rent (2 BR Apartment): $2200 per month
• Average Rent (2 BR House): $2272 per month

In Portsmouth, NH, the housing market reflects a slightly higher financial demand with a housing index of 120.8 compared to the national average. The median home price sits at 425000, indicating a robust market for buyers. Renting an apartment averages at 2200, while renting a house slightly more at 2272. If you are considering moving to make a long-term investment, take into account not only the current market trends but also ongoing developments and amenities in the area that may influence housing demand in the future.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Portsmouth, NH.

• Electricity Price: 22.44 USD (median by state)
• Natural Gas Price: $17.58 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Portsmouth, NH could entail higher utility costs. Electricity costs sit at 22.44, while natural gas is priced at 17.58 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $100169

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Portsmouth, NH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.