Cost of Living in Portsmouth, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.9
100 = national avg
+6.9 vs national average
Living Wage (1 Adult)
$47,056
per year
Living Wage (Family of 4)
$111,224
per year
Cost Index by Category
Housing130.6
Food95.1
Transportation90.1
Healthcare96.1
Utilities103.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,512
per month
2 Bedroom
$1,713
per month
The overall cost of living index in Portsmouth is 106.9, which is 6.9% above the national average. Housing costs are above the national average at an index of 130.6. A single adult needs to earn approximately $47,056 per year to cover basic expenses.