How much money do you need to live comfortably in Maine? A single person in Maine needs a salary of at least $31,043 to afford basic necessities, while a family of four needs a household income of $67,416.
Is it affordable to live in Maine?
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%.
What is the average cost to live in Maine?
Average Cost of Living in Maine: $45,272 per year.
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 |
How much money do you need to live comfortably in Maine?
How much money do you need to live comfortably in Maine? A single person in Maine needs a salary of at least $31,043 to afford basic necessities, while a family of four needs a household income of $67,416.
What’s the cheapest town to live in Maine?
South Portland
For this reason, South Portland is the most affordable place to live in Maine.
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 Florida or Maine?
Maine is 12.1% more expensive than Florida.
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.
Is it cheaper to live in Maine or Pennsylvania?
Maine is 5.4% more expensive than Pennsylvania.
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.
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’s considered low income in Maine?
Standards for 2018 issued by the U.S. Department of Health and Human Services. The more general term “low income” is commonly defined as 200% of the poverty standard. Thus a family of four in 2018 with an income of about $50,000 would be a low income family.
Official Poverty Levels by Family Size.
| Size | Income |
|---|---|
| 8 | $42,380 |
Is Maine cheaper than California?
California is 10.5% more expensive than Maine.
What is the minimum salary in Maine?
$12.75 an
AUGUSTA, Maine (WABI) – As of January 1st, Maine’s minimum wage increased from $12.15 to $12.75 an hour. “Because of demand and the scarcity of employees, most of our members are paying well over that minimum wage, even the new minimum wage,” said Kimberly N.
Where should I not live in Maine?
The 20 Worst Places to Live in Maine
- Howland, Maine.
- Limestone, Maine.
- Washburn, Maine.
- Auburn, Maine.
- Bangor, Maine.
- Waterville, Maine.
- Sanford, Maine. Sanford is a city in York County.
- Portland, Maine. According to Only in Your State, Portland is the most densely populated city in the state of Maine.
Where is it affordable to live in Maine?
Here Are The 10 Cheapest Yet Great Places To Live In Maine
- Gorham, Cumberland County. dougtone / Flickr.
- Augusta, Kennebec County. kenlund / Flickr.
- Topsham, Sagadahoc County.
- Auburn, Androscoggin County.
- Skowhegan, Somerset County.
- Winslow, Kennebec County.
- Brewer, Penobscot County.
- Presque Isle, Aroostook County.
Is Maine an affordable place to retire?
PRO: Low Cost of Living
In Maine, the cost of living is about 4% lower than the U.S. average in nearly every aspect, including transportation, utilities and housing options. Being such an affordable state means your hard-earned retirement income will go much further!
Is it expensive to live in Vermont?
Average Cost of Living in Vermont: $47,397 per year
Vermont has an above-average cost of living when compared to the rest of the United States, but this is normal when compared to its New England neighbors, as the region ranks above the rest of the nation in terms of expenses.
How expensive is Portland Maine?
Portland cost of living is 108.2
| COST OF LIVING | Portland | Maine |
|---|---|---|
| Overall | 108.2 | 96.5 |
| Grocery | 111.3 | 107.1 |
| Health | 94.8 | 100.1 |
| Housing | 133.8 | 99.2 |
What is the cost of living in New Hampshire?
Our cost of living indices are based on a US average of 100. An amount below 100 means New Hampshire is cheaper than the US average.
New Hampshire cost of living is 105.4.
| COST OF LIVING | New Hampshire | United States |
|---|---|---|
| Health | 87.7 | 100 |
| Housing | 118.6 | 100 |
| Median Home Cost | $357,000 | $291,700 |
| Utilities | 120.5 | 100 |
