Cost of Living in Maine

(Last Updated – 04/2023)

With beautiful coastal views and some of the best seafood in the country, Maine’s a popular destination.

From the scenic overlooks by the sea at Acadia National Park to the lush forests of the Pequawket Trail, Maine’s picturesque landscapes hold allure.

With just under 1.4 million residents, the Pine Tree State is tucked away in the northeasternmost corner of the United States and just may be one the country’s best-kept secrets, especially if you enjoy comfortable summers and freezing, snowy winters.

Let’s look further into the cost of living in Maine.

What’s the Average Cost of Living in Maine?

Average Cost of Living in Maine: $50,559 per year

Maine has the lowest cost of living in New England, beating out all five of its neighbors, including Massachusetts, Connecticut, and Vermont, according to MERIC 2021 data. The closest contender in terms of value was New Hampshire, falling just short of its northern neighbor.

How does this look in terms of everyday costs? The average annual cost of living in Maine is $50,559, according to Bureau of Economic Analysis data for 2021. The breakdown of those costs is as follows:

Category	Average Annual Per-Capita Cost in Maine
Housing and Utilities	$8,760
Health Care	$8,670
Food and Beverages (non-restaurant)	$4,499
Gas and Energy Goods	$1,580
All Other Personal Expenditures	$27,050

That translates to nearly $4,213 per month, per person.

Housing Costs in Maine

Average Housing Costs in Maine: $673 to $1,398 per month

The median sales price of homes in Maine was $335,000 in February 2023, according to the Maine Association of Realtors® — less than the national median sales price for existing U.S. homes in January 2023, $359,000, reported by the National Association of Realtors.

Here are median monthly mortgage payment and rental costs for Maine, according to the 2021 data from the U.S. Census Bureau.

•  Median monthly mortgage cost: $1,471

•  Median studio rent: $734

•  Median one-bedroom rent: $768

•  Median two-bedroom rent: $1,002

•  Median three-bedroom rent: $1,120

•  Median four-bedroom rent: $1,192

•  Median five-bedroom (or more) rent: $1,138

•  Median gross rent: $945

Much of northern New England saw a housing market frenzy in recent years. Home prices across Maine rose by more than 9% year-over-year, while the number of homes for sale fell by almost 20%, Redfin found.

The Portland area has been especially popular. A typical home there is now a significant amount more than as a similar property in Bangor.

Maine City	Typical Home Price
Portland	$447,810
Bangor	$231,539
Augusta	$266,972
Lewiston	$273,323

Utility Costs in Maine

Average Utility Costs in Maine: $387 per month

Maine’s deep winters are no joke, and keeping a lid on utility costs is key to making it through the most frigid months.

Here are Maine’s average monthly utility costs. Your results may vary according to your property and geography.

Utility	Average Maine Bill
Electricity	$99
Gas	$132
Cable & Internet	$134
Water	$22

Sources: U.S. Energy Information Administration, Electric Sales, Revenue, and Average Price, 2021; Inspirecleanenergy.com; DoxoInsights, U.S. Cable & Internet Market Size and Household Spending Report 2022; and Rentcafe.com, What Is the Average Water Bill?

Groceries & Food

Average Grocery & Food Costs in New England: $375 per person, per month

When it comes to groceries, Maine is in the middle of affordability for food within the New England region. Portland, Maine, was ranked the fourth least expensive city for groceries among the nine major New England cities surveyed.

However, this is all relative, as grocery shopping in New England is still more expensive than most of the continental United States. In fact, New England residents pay some of the highest grocery costs in the nation.

The Bureau of Economic Analysis lists the average Mainer’s annual outlay for non-restaurant food and beverages as $4,499, which translates to around $375 per month for the average individual.

The Council for Community and Economic Research ranks grocery costs for major metropolitan areas in the United States. Like most other expenses, New England scored above average in terms of grocery costs, as per 2022 data.

City	Grocery Items Index
Providence, Rhode Island	98.3
New Haven, Connecticut	99.2
Hartford, Connecticut	102.2
Portland, Maine	103.3
Manchester, New Hampshire	105.2
Burlington, Vermont	106.1
Pittsfield, Massachusetts	106.8
Boston, Massachusetts	113.8
Stamford, Connecticut	130.4

Transportation

Average Transportation Costs in Maine: $4,332 to $11,773 per year

As any true Mainer knows, distance in Maine is measured in time, not miles. Locking down transportation costs is especially important, given the hours that Maine’s residents spend on the road getting from point A to point B.

Residents actually fare well in this category, as Maine has some of the lowest transportation costs in the nation. In fact, U.S. News & World Report ranked Maine as the second cheapest state for car insurance in the country.

Here are average yearly transportation costs in Maine, according to MIT’s Living Wage Calculator for 2023.

Family Makeup	Average Annual Transportation Cost
One adult, no children	$4,470
Two working adults, no children	$8,040
Two working adults, three children	$12,675

Health Care

Average Health Care Costs in Maine: $8,670 per person, per year

Maine falls in the middle of the pack when it comes to health care costs, according to a national study by U.S. News that ranks states on health care accessibility and affordability.

The average Mainer spends $8,670 a year on health care, according to the 2021 Bureau of Economic Analysis Personal Consumption Expenditures report. Of course the figures can vary widely, given people’s needs and coverage.

Maine residents looking for affordable health insurance can compare plans at CoverME.gov .

Child Care

Average Child Care Costs in Maine: $973 to $1,622 or more per child, per month

Child care costs are a significant portion of a family’s monthly budget, but the expenses can vary depending on the age of the child and type of care.

Families seeking trusted child care providers, or who want to learn about where they can get help paying for child care, can find out more at childcarechoices.me .

Here are the average monthly child care costs in Maine, according to 2021 data from costofchildcare.org .

Type of Child Care	Average Cost Per Month, Per Child
Infant Classroom	$1,622
Toddler Classroom	$1,406
Preschooler Classroom	$973
Home-based Child Care	$1,185

Taxes

Highest Marginal Tax Rate in Maine: 7.15%

Maine’s highest marginal tax rate is 7.15%, says the Tax Foundation . Like most U.S. states, Maine has a graduated income tax structure.

Maine also has a state sales tax of 5.5%, while homeowners currently pay an average effective annual property tax of 1.27% at the state level.

Maine income taxes are average, compared with the nation as a whole. While it’s certainly no state income-tax haven like Florida or Nevada, Maine is still a far cry from states with high tax burdens, like California, which has a top individual income tax bracket of 13.3%.

Miscellaneous Costs

Now that we’re done worrying about statistics, let’s check out what locals pay for food and fun in the Pine Tree State.

•  Maine lobster roll (market price): $24 to $35

•  Bowl of New England clam chowder: $10 to $13

•  Private vehicle entrance pass to Acadia National Park: $30 for seven days

•  Adult and Kids Tickets for York’s Wild Kingdom Zoo: $17.25 and $11

•  12-pack of Moxie Soda: $27.99

•  6-pack of Allagash White: $11.98

Having lobster for dinner every night might not be the best financial decision, but if that’s your choice, Maine might be the best place to do it. The state has led the nation in lobster fishing for 30 years and is responsible for over 93% of the U.S. lobster harvest.

Did you know that Maine has the second most breweries per capita of any state in the United States, after Vermont? As of early 2022, Maine had 165 licensed breweries. That’s not surprising when the state’s roster boasts national hoppy heavy hitters like Allagash and Shipyard Brewing Co.

Scenic drives and hikes are free. So is gazing at the state’s 65 lighthouses and, in September, exploring over two dozen historic beacons during Maine Open Lighthouse Day.

Recommended: What are the Average Monthly Expenses for One Person?

How Much Money Do You Need to Live Comfortably in Maine?

According to MIT’s Living Wage calculator, an average single, childless individual working 40 hours a week for 52 weeks a year would need an annual salary of $34,382 to make do. In other words, a living wage in Maine is seen as $16.53 an hour.

In general, New England ranks pretty poorly in terms of affordability when compared with the rest of the nation. Maine ranks 35th on U.S. News and World Report’s Affordability Ranking.

Bear in mind that affordability is a relative measure, and while it performs poorly on the national level, Maine, remember, is actually the most affordable state in New England.

It may not be cheap to live in Yankeeland, but Maine might be the best of the bunch when it comes to keeping costs low.

What City Has the Lowest Cost of Living in New England?

To compare the cost of living in Maine, let’s take a gander at the cities with the lowest cost of living in New England, according to the Council for Community and Economic Research’s Cost of Living Index for 2022.

Hartford, Connecticut

The capital of Connecticut ranks as the city with the lowest cost of living in New England, according to the most recent council data. Hartford is the fourth-largest city in Connecticut and is also the de facto insurance capital of the nation, with UnitedHealthcare, Aetna, and Travelers all hosting major branches there.

Pittsfield, Massachusetts

One of the smallest cities on this list, Pittsfield ranked as the New England city with the second-lowest cost of living. Located on the western edge of Massachusetts, Pittsfield is the seat of Berkshire County and host to some of New England’s major industrial employers, including GE, Chemex, and General Dynamics.