Cost of living in Portland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Portland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Portland is 114, with 100 being the average.
The cost of living index in Portland is 1.1x higher than the national average.
Portland ranks as the #22 cheapest in Connecticut out of 55.
Portland ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Portland is $226,700.
The median income in Portland is $88,164.
According to the most recent data on the cost of living, Portland has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Portland has a cost of living index that's 1.0x lower than Connecticut's index of 114.
The standard of living in Portland ranks as #22 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Portland ranks as the #33 most expensive place in the Constitution State.
For more reading on life in Portland, check out:
Six factors go into calculating the cost of living index in Portland. Here is how it fairs on each of the criteria:
The Services index in Portland is 116.
The Groceries index in Portland is 104.
The Health index in Portland is 108.
The Housing index in Portland is 114.
The Transportation index in Portland is 109.
The Utilities index in Portland is 124.
Living Expense | Portland | Connecticut | National Average | |
---|---|---|---|---|
Overall | 114 | 114 | 100 | |
Services | 116 | 113 | 100 | |
Groceries | 104 | 101 | 100 | |
Health | 108 | 107 | 100 | |
Housing | 114 | 123 | 100 | |
Transportation | 109 | 104 | 100 | |
Utilities | 124 | 127 | 100 |
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Portland is $226,700.
The Median Rent in Portland is $1,152.
The Median Income in Portland is $88,164.
The Home Value To Income in Portland is 2.6x.
The Rent To Monthly Income in Portland is 0.16x.
Statistic | Portland | Connecticut | United States |
---|---|---|---|
Median Home Value | $226,700 | $286,700 | $244,900 |
Median Rent | $1,152 | $1,260 | $1,163 |
Median Income | $88,164 | $83,572 | $69,021 |
Home Value To Income | 2.6x | 3.4x | 3.5x |
Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Item | Portland | Connecticut |
---|---|---|
Shampoo | $0.95 | $1.06 |
Movie | $12.64 | $10.68 |
Bowling | $18.88 | $14.67 |
Haircut | $30.29 | $18.62 |
Beauty Salon | $49.75 | $39.05 |
Item | Portland | Connecticut |
---|---|---|
Ground Beef | $4.34 | $4.22 |
Fried Chicken | $1.41 | $1.39 |
Milk | $2.39 | $2.05 |
Potatoes | $3.92 | $3.29 |
Pizza | $9.81 | $10.62 |
Beer | $11.01 | $9.38 |
Toothpaste | $2.06 | $2.34 |
Item | Portland | Connecticut |
---|---|---|
Optometrist | $154.87 | $108.57 |
Doctor | $115.5 | $116.17 |
Dentist | $104.4 | $99.13 |
Item | Portland | Connecticut |
---|---|---|
Gasoline | $2.31 | $2.22 |
Tire Balancing | $58.77 | $50.07 |
Item | Portland | Connecticut |
---|---|---|
All Electricity | $240.4 | $167.67 |
Phone | $178.6 | $175.64 |
The cost of living varies in the cities and towns around Portland. Here's a quick look at the cost of living in the most populous nearby places:
West Hartford, CT has a cost of living index of 129, 1.1x Portland.
Meriden, CT has a cost of living index of 109, 1.0x Portland.
Middletown, CT has a cost of living index of 117, 1.0x Portland.
City | Population | Cost Of Living | Vs. Portland |
---|---|---|---|
West Hartford, CT | 64,034 | 129 | 1.1x |
Meriden, CT | 60,790 | 109 | 1.0x |
Middletown, CT | 47,164 | 117 | 1.0x |
Manchester, CT | 36,832 | 112 | 1.0x |
Newington, CT | 30,493 | 118 | 1.0x |
Wethersfield, CT | 27,162 | 119 | 1.0x |
North Haven, CT | 24,217 | 128 | 1.1x |
Kensington, CT | 9,626 | 121 | 1.1x |
Glastonbury Center, CT | 8,187 | 124 | 1.1x |