Like everywhere else in America, and across the world, there is both good and bad news when it comes to Maine’s cost of living, salaries, and affordability. If you’ve ever wondered what it takes to live comfortably in Maine, we have the numbers for you as compared with the rest of the country, but just a warning: you might not like it.
Median salaries in Maine are much lower than the national median salaries, which is evident in many occupations. Electricians, for example, make a median of $39,000 in Maine compared to a national median of $51,110.
Michael Stokes/Flickr Based on data acquired by Movoto, the disparity remains in a variety of positions, including office managers, administrative assistants, and carpenters.
Despite these wage disparities, the cost of living in Maine is approximately 13 percent higher than the national average, based on a report from the Bangor Daily News, while other sources put that difference above 15 percent.
formulanone/Flickr
Unfortunately, childcare, housing, healthcare, taxes, and transportation are all higher in Maine than they are across the nation.
Mark Nenadov/Flickr
GoBankingRates, in an article titled “The Salary You Need to Afford Rent in Every State,” states that a resident of Maine would need to make approximately $58,640 per year in order to afford a single-family residence without having your monthly rent consume more than 30 percent of total income.
Sunset Noir/Flickr
With a median rent of $1,466 across the state, it would be difficult for someone earning the average annual income in Maine to comfortably afford rent. Why?
Mark Plummer/Flickr Because the average annual wage in Maine is $45,300 - more than $13,000 less than what you would need to afford rent.
That figure is only slightly lower when you consider owning a home rather than renting one, with HowMuch calculating that you would need approximately $55,520 to afford the average home in Maine with a 30-year mortgage and 10 percent down payment.
Paul VanDerWerf/Flickr
Of course, housing costs aren’t the only factor in determining whether you can live comfortably or not.
Ben Mason/Flickr Maine ranks at No. 10 on HowMuch’s list of States with the Highest Total Cost for Utilities, costing an average of $464.45 per month. Utility figures include electricity, natural gas, internet, cable, and water.
However, we must also remember that while wages might be low and Maine’s cost of living might be high, the quality of life is unlike any other you’ll find in America - in a good way.
Jon Bush/Flickr Maine is a wonderfully rural and beautiful state with many more pros than cons. Despite the higher cost of living, we are so lucky to call it home.
Tell us, do you think you live comfortably in Maine? Is the cost of living in Maine a challenge for you and your family? Share your opinions in the comment section, then remind yourself of what makes Maine the best state in America.
Michael Stokes/Flickr
Based on data acquired by Movoto, the disparity remains in a variety of positions, including office managers, administrative assistants, and carpenters.
formulanone/Flickr
Mark Nenadov/Flickr
Sunset Noir/Flickr
Mark Plummer/Flickr
Because the average annual wage in Maine is $45,300 - more than $13,000 less than what you would need to afford rent.
Paul VanDerWerf/Flickr
Ben Mason/Flickr
Maine ranks at No. 10 on HowMuch’s list of States with the Highest Total Cost for Utilities, costing an average of $464.45 per month. Utility figures include electricity, natural gas, internet, cable, and water.
Jon Bush/Flickr
Maine is a wonderfully rural and beautiful state with many more pros than cons. Despite the higher cost of living, we are so lucky to call it home.
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Address: Maine, USA
The OIYS Visitor Center
Can you afford to live in Maine? January 10, 2023 Chris Muras Is it expensive to live in ME? Whether or not you decide it is expensive to live in Maine depends on what you are using as a basis for comparison. In many studies, the cost of living in Maine is often in the top ten most expensive states. Fortunately, housing costs are relatively low, but other expenses, like utilities, are high. With many residents spending upwards of 90 percent of their income on all expenses, it is certainly quite expensive to live in Maine. What salary is needed to live in Maine? There is a big difference between the salary needed to live in Maine, and the salary needed to live comfortably. For a single person living in Maine, you might be able to get by with a salary in the low $31,000 range. A family of four might be closer to $68,000. However, to live comfortably, one might need to add an additional 10-20 percent to that total. What are the most affordable places in Maine to live? While the cost of living in Maine is relatively high compared to many parts of the country, there are some affordable towns to live in. Finding a nice place to live that is also affordable is a challenge anywhere you want to live. This list of affordable places in Maine might help you decide which town to call home:
Gorham, Cumberland County Augusta, Kennebec County Topsham, Sagadahoc County Auburn, Androscoggin County Skowhegan, Somerset County Winslow, Kennebec County Brewer, Penobscot County Presque Isle, Aroostook County Gardiner, Kennebec County Caribou, Aroostook County
Be sure to read more about these charming yet affordable towns in Maine. Then take a little trip to see them in person.
The OIYS Visitor Center
Can you afford to live in Maine?
January 10, 2023
Chris Muras
Is it expensive to live in ME? Whether or not you decide it is expensive to live in Maine depends on what you are using as a basis for comparison. In many studies, the cost of living in Maine is often in the top ten most expensive states. Fortunately, housing costs are relatively low, but other expenses, like utilities, are high. With many residents spending upwards of 90 percent of their income on all expenses, it is certainly quite expensive to live in Maine. What salary is needed to live in Maine? There is a big difference between the salary needed to live in Maine, and the salary needed to live comfortably. For a single person living in Maine, you might be able to get by with a salary in the low $31,000 range. A family of four might be closer to $68,000. However, to live comfortably, one might need to add an additional 10-20 percent to that total. What are the most affordable places in Maine to live? While the cost of living in Maine is relatively high compared to many parts of the country, there are some affordable towns to live in. Finding a nice place to live that is also affordable is a challenge anywhere you want to live. This list of affordable places in Maine might help you decide which town to call home:
Gorham, Cumberland County Augusta, Kennebec County Topsham, Sagadahoc County Auburn, Androscoggin County Skowhegan, Somerset County Winslow, Kennebec County Brewer, Penobscot County Presque Isle, Aroostook County Gardiner, Kennebec County Caribou, Aroostook County
Be sure to read more about these charming yet affordable towns in Maine. Then take a little trip to see them in person.
The OIYS Visitor Center
The OIYS Visitor Center
Whether or not you decide it is expensive to live in Maine depends on what you are using as a basis for comparison. In many studies, the cost of living in Maine is often in the top ten most expensive states. Fortunately, housing costs are relatively low, but other expenses, like utilities, are high. With many residents spending upwards of 90 percent of their income on all expenses, it is certainly quite expensive to live in Maine.
What salary is needed to live in Maine?
There is a big difference between the salary needed to live in Maine, and the salary needed to live comfortably. For a single person living in Maine, you might be able to get by with a salary in the low $31,000 range. A family of four might be closer to $68,000. However, to live comfortably, one might need to add an additional 10-20 percent to that total.
What are the most affordable places in Maine to live?
While the cost of living in Maine is relatively high compared to many parts of the country, there are some affordable towns to live in. Finding a nice place to live that is also affordable is a challenge anywhere you want to live. This list of affordable places in Maine might help you decide which town to call home:
- Gorham, Cumberland County
- Augusta, Kennebec County
- Topsham, Sagadahoc County
- Auburn, Androscoggin County
- Skowhegan, Somerset County
- Winslow, Kennebec County
- Brewer, Penobscot County
- Presque Isle, Aroostook County
- Gardiner, Kennebec County
- Caribou, Aroostook County
Be sure to read more about these charming yet affordable towns in Maine. Then take a little trip to see them in person.
