The median rent in Maine is $853 per month, which is about $200 less than the national average. However, housing costs may vary depending on what part of the state you live in. Housing costs have also increased rapidly in 2021, so the numbers may be higher than the Census figures.
What’s the average cost of rent in Maine?
Year over year, the rental prices in Maine have not increased. However, they have grown steadily at around 4.2% over the last three years, a considerable amount below the 6.7% national average.
Maine Housing Costs.
| City | Average 1-Bedroom Rent | Average 2-Bedroom Rent |
|---|---|---|
| Portland, ME | $1,356 | $1,622 |
Is Maine an expensive state to live in?
A new study found Maine is the 46th most affordable state in the U.S. with expenses taking up 91.3% of income. The national average is 81%.
How much does it cost to live comfortably in Maine?
Average Cost of Living in Maine: $45,272 per year
| Category | Average Annual Per-Capita Cost in Maine |
|---|---|
| Housing and Utilities | $8,537 |
| Health Care | $7,851 |
| Food and Beverages (non-restaurant) | $4,338 |
| Gas and Energy Goods | $1,132 |
What is the cost of living in Maine 2021?
2021 Annual Average Cost of Living
| Rank | State | Housing |
|---|---|---|
| 1 | Mississippi | 66.3 |
| 38 | Washington | 119.0 |
| 39 | Maine | 136.6 |
| 40 | New Jersey | 136.6 |
Is it cheaper to live in Florida or Maine?
Maine is 12.1% more expensive than Florida.
Is it cheaper to live in Maine or Pennsylvania?
Maine is 5.4% more expensive than Pennsylvania.
Why is Maine so expensive?
Taxes. Maine is also on the more expensive side with taxes. The effective state and local tax rate is 11.81%, which is 9.33% higher than the national average. Mainers spend a total of $6,792 per year on taxes, with $2,585 going to property taxes.
Are groceries expensive in Maine?
Mainers spend the third highest amount on food and beverages in the nation — $3,736 — per capita annually, according to the U.S. Department of Commerce Bureau of Economic Analysis. Only two other rural states spend more: Vermont at $4,104 and Alaska at $3,924. But there is good news in your grocery cart this month.
Is it cheaper to live in Maine or Massachusetts?
Massachusetts is 12.0% more expensive than Maine.
Is housing expensive in Maine?
An amount below 100 means Maine is cheaper than the US average. A cost of living index above 100 means Maine, Maine is more expensive.
Maine cost of living is 96.5.
| COST OF LIVING | Maine | United States |
|---|---|---|
| Housing | 99.2 | 100 |
| Median Home Cost | $301,700 | $291,700 |
| Utilities | 103.6 | 100 |
| Transportation | 79.2 | 100 |
Is Maine a good state to move to?
Maine has affordable housing and a lower low cost of living than neighboring states. In addition, it has some of the lowest crime rates in the nation. United States News & World Report ranked Maine as the 1st overall safest state to live, (also 1st in the list of low violent crime and 4th in low property crime).
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Where is the cheapest place to live in Maine?
5 Most Affordable Cities in Maine
- South Portland.
- Portland.
- Biddeford.
- Bangor.
- Lewiston. Since Lewiston is home to Bates College, a highly ranked liberal arts college, residents take pride in their long history of promoting education.
What is the average electric bill in Maine?
Utilities. Mainers pay relatively low energy costs. According to U.S. Energy Information Administration (EIA) data from 2017, the average monthly energy bill in Maine is just $87.21.
What is the cheapest and safest state to live in?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
Which East Coast state is the cheapest to live in?
The 20 Cheapest Places to Live on the East Coast
- Wilmington, North Carolina.
- Dover, Delaware.
- Baltimore, Maryland.
- Fort Pierce, Florida.
- Charleston, South Carolina.
- Savannah, Georgia.
- Jacksonville, Florida.
- New Haven, Connecticut.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
Are taxes high in Maine?
Maine’s tax burden is high, ranking fourth after New York, Hawaii and Vermont. The state is, however, attractive to wealthy non-residents who are residents of low-tax states.
What are Maine winters like?
Temperatures. Winters are generally cold, but very prolonged cold spells are rare. Average annual snowfall in Maine is 50 to 70 inches along the coast and 60-110 inches inland.
How cold is Maine in winter?
Maine’s climate is characterized by cold, snowy winters and mild summers. Winter average temperatures range from 25°F in the far south to less than 15°F in the northern and interior portions of the state. Summer average temperatures range from near 60°F in the far north to near 70°F in the south.
