Portsmouth, VA — income, home value, property tax, and sales tax.
In ZIP code 23702, near Portsmouth, households earn a median of $48,835, while per-capita income sits at $26,596. A median home valued at $208,000 carries an effective county property tax rate of 1.04%, which works out to roughly $2,163 a year, or about $180 monthly. Adding a 6.00% combined sales tax on purchases, everyday spending takes a bit more out of each paycheck. With earnings at this level, housing costs and sales taxes together claim a meaningful share of the annual budget, so careful planning around both is key to making the income stretch across the year.
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