Cost of Living in Portsmouth
Portsmouth's cost of living runs genuinely elevated, driven by housing costs and a property tax rate that tracks close to Rhode Island's own statewide average.
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Learn moreHousing costs above the national figure
Zillow's average home value (~$690,525) and a separate median sale price citation (~$685,000) both run well above the ~$408,776 national comparison figure.
A property tax rate close to the state average
Portsmouth's ~1.32% effective rate runs above the national figure and close to, though slightly below, Rhode Island's own ~1.35% statewide average.
Rhode Island's statewide tax structure applies
A flat 7% sales tax (no local add-on) and a graduated income tax topping out at 5.99% apply statewide.
Key takeaways
- Portsmouth's housing costs run well above the national comparison figure.
- Portsmouth's property tax rate tracks close to Rhode Island's own already-elevated statewide average.
- Rhode Island's statewide 7% sales tax and up-to-5.99% income tax apply with no local relief.
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