Cost of Living in Portland, NY
Housing
The housing market plays a significant role in determining the cost of living in Portland, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $145,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
In Portland, NY, the housing market reflects some significant affordability traits, with a **median home price** of $145000—a solid option for first-time buyers or investors. However, the **housing index** stands at 118.8, indicating either a current stagnation or lack of data on rental prices. Notably, next to zero average rents for 2-bedroom apartments and houses signal a possible void in rental demand or available listings. As a prospective resident, it's essential to research local employment opportunities and amenities to gauge overall living conditions before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Portland, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Portland, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 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 Portland is a financially viable option for your relocation.