What Is The Cost Of Living In Maine? 

What Is The Cost Of Living In Maine? 

November 28, 2022 Off By Altaf

Do you know? The cost of living in Maine is dependent on basic living expenses, including the cost of housing, transportation, utilities, Grocery, and many more. Maine is a state located in the New England region of the United States. It is famous due to its rocky Atlantic Coast which is known for its frigid waters and an ample fishery, more than 40000 acres of wild blueberries. So, without time delay, let’s start to know the cost of living in Maine.  

What Is The Cost Of Living In Maine? 

The cost of living in Maine is lower than neighboring states. A new study found Maine is the 46th most affordable state in the United States. The table given below will give you Maine cities cost of living based on the US average of 100. An amount less than 100 means Maine is cheaper than the national average. And an amount more than 100 means Maine is more expensive than the national average. 

Cost Of Living ForMaineUSA
Housing99.2 100
Grocery107.1100
Transportation79.2100
Utilities103.6100
Health100.1100
Miscellaneous98.8100
Median Home Cost$301,700$291,700
OverAll96.5100

Note: the above-given cost of living in the state of Maine is as per the year of 2019.  

Home Rent 

Why are houses so cheap in Maine? Do you think the same? So, the houses are so cheap in Maine because there remains an abundance of undeveloped land in Maine. And also the cheaper rates of land. For more clarity check the table given below which gives you the house rent of 1 and 2-bedroom houses. Also, it consists of the cost of living in different cities in Maine, including the cost of living in Portland Maine.   

CityApprox 1 Bedroom RentApprox 2 Bedroom Rent
Portland $1495$2195
Augusta $1000$1400
Bangor $800$1100
Bar Harbor $750$1000

Food Cost 

The cost of food is necessary to know because it makes up the cost of living. In Maine, the average cost of food for a single adult is $3653 per year. To understand it in detail, check the table given below. Which gives you the approximate cost of dinner for 2 people in the different cities in Maine, including the cost of living in Bar Harbor

CityApprox Dinner For 2
Augusta $31
Portland$45
Bangor $25
Bar Harbor $50

Travel Cost 

In the state of Maine you can use bicycles, GOMaine rideshare, METRO Bus, Amtrak-Downeaster, Portland International Jetport, and utilize a TNC. and a vacation to Maine for one week usually costs around $1161 for one person.  

Other Expenses 

After knowing the travel cost and house rent, there are other costs also. Here are the other expenses. 

Health Care

When you see the cost of living in Maine vs Washington state, then you find the state of Maine is 1.6% more expensive than Washington. One of the factors for this is the higher cost of health care. The average for one person is $512 for a major medical individual health insurance plan. 

Utility Bills

In the state of Maine, the cost of utility typically falls below the national average of $240 monthly. The cost of monthly utilities, including electricity, cooling, water, heating, and garbage collection for a 915 square foot apartment, is broken down by the major cities in Maine.   

Internet Bills

When you see the cost of living by state then you found that the cost of living in Maine is slightly lower than the national average. The cost of living in Maine vs Florida says Maine is more expensive than Florida. But the cost the Internet in Maine is not very expensive, the Fibre & DSL of 50 to 940 Mbps will cost $29.99 per month.  

Fitness

The cost of fitness in Maine depends on the types of fitness clubs and gyms. But, to reduce it you can buy a membership to any gym or fitness club for a year. The lowest price of the membership starters with $10 per person per month.  

Entertainment

Entertainment and activities in Maine typically cost an average of $27 per person per day, including all types of fees.  

Taxes

While coming to the tax rate, In the state of Maine the state sales tax rate is 5.5%. Maine is one of the easiest states in which to manage sales tax collection, filing, and remittance.

FAQ

Is Maine Expensive To Live?

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 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.

Why Is Property In Maine So Cheap?

Rural land in Maine is quite inexpensive compared to more populated areas. Part of the reason is that there remains an abundance of undeveloped land in Maine. Maine is the most forested state in the country.

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 Worth Moving 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).

Get to know more such amazing facts by visiting Beingcost.

Conclusion 

Now you know what is the cost of living in Maine. And you also know that the state of Maine is a little expensive because of high demand, short seasons, most comfortable, and very pretty all lead to higher prices. But there are also some cheaper areas available in the state of Maine, which is underdeveloped. One of the best things about Maine is, that here you can easily find affordable houses because of the low cost of houses and that is about the cost of living in Maine.

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