Portland, Maine cost of living
Goods, services and housing are all very affordable.Awful. Costs of goods and services are declining.Increasing steadily. Prices are increasing, but at a reasonable rate.Increasing rapidly. And the first year I lived here, I kind of hated it too. The average annual pay in South Portland is $48,826.00, which is $6,230.00 higher than the salary average in Maine but lower than the U.S. average yearly wages by $4,795.00.
Maine cost of living is 96.5 Using that number, a maximum of $1,843 per month should be allocated to housing expenses. If you haven't been to Maine, here's what you probably know about it: It's where George H.W. Living in Portland can be a great experience for anyone relocating to the city. Compare the Cost of Living in Portland, Maine against another US Cities and States. The homeownership rate in Maine is 70.1%, which is higher than most of the other 50 states.Home appreciation rates in Maine aren’t incredible, but they’re right in lin…
Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Maine is a geographically diverse state, and as such the cost of living varies greatly from north to south. 1. Costs are dropping at a rapid rate.Decreasing steadily. I can barely keep up with the increasing prices.The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Portland, ME, as well as what the overall cost of living might be.
Portland, Maine’s cost of living is 13% higher than the national average. Home values are higher in Maine than the national average. Maine's largest metro area and economic hub features cobblestone streets and ships sheltered within the island-specked waters of Casco Bay. Having said that, in the state of Maine, there are many amazing places to live, so choose wisely! Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis. Excellent. Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis. An amount below 100 means Portland is cheaper than the US average. Median home value prices in Maine can range quite a bit, but the statewide median is $199,477, according to NeighborhoodScout. You are going to pay a little extra for the privilege of living in Maine. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. Our cost of living indices are based on a US average of 100.
Our cost of living indices are based on a US average of 100. For those who are renting instead of owning, the median income is $31,138, which means there is a maximum of $727 to be spent on the costs of renting a home or apartment. Goods, services and housing are all very affordable.Awful.
A cost of living index above 100 means Maine, Maine is more expensive. Compare the Cost of Living in Maine against another US State. You'll have to take out a loan to live here.Is the cost of living increasing or decreasing in Portland?Decreasing rapidly. To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts.
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