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Maine Yearly Expenses
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US-175-AZ
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FAQ
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%.
According to the Bangor Daily News, the cost of living in Maine is about 13 percent higher than the national average, and other sources put that above 15 percent. Childcare is more expensive here, as are healthcare, housing, taxes, and transportation.
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.
Average Cost of Living in Maine: $45,272 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.
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.
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%.
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%.
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).
Average Cost of Living in Maine: $45,272 per year.
