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: $425,000
- 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 Portsmouth is a financially viable option for your relocation.