Maine residents spend 91.3% of their income on expenses, which is about 10% more than the national average. Although homes and cars are pretty affordable, high food, healthcare, and tax costs can make it harder to get by in Maine. It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the vanguard retirement nest egg calculator cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Portland child care for a child up to 3 years could cost $9512 per year. Maine, is ranked NO. 24 in annual cost of child care in the U.S.

Portland, Maine’s cost of living is 16% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area. PayScale’s Cost of Living Calculator can help you find out more about how your individual needs will factor in when beginning your research to figure out how much it would cost you to relocate. The city is filled with many young adults and people looking to start a family. The typical family has on average 2.9 people including children and parents. In terms of diversity, on a national level, Portland ranks number 3740 which is above the national average for diversity and on a state level ranks 20 which is above the state average.

Some people might prefer a smaller city with a tight-knit community, while others might prefer a larger city with more options. The important thing is that a city provides what its residents need and want. If a city has everything a person is looking for, it can be a great place to live. Portland is a mid sized city in the state of Maine which is located in the county of Cumberland.

Still, the people of Portland can find a way to manage their expenses with the salaries they get, though it probably isn’t easy. Unfortunately, the salaries in Portland have not caught up to the surrounding areas so there are many people that end up working in Portsmouth or even Boston to be able to afford the rent or mortgage. The rent in Portland is high enough that you have to set aside a large portion of your salary for it. The Old Port is the place to shop and is also the home to 19th century streets filled with boutiques, galleries, restaurants, bars and coffee shops. The district sells everything from one-of-a-kind jewelry and designer jeans to best-selling books and surf boards. Shopping for quality jeans like Levi’s will cost you around 40$, while a pair of quality running shoes will be around 75$.

Department of Agriculture shows that the cost of food varies from city to city and town to town. Ranked 3622nd (TOP 39%) in the list of best places to live in the world and 1206th best city to live in the United States, and 4th most liveable city in Maine. With an estimated population of 68.4K, Portland is the 590th largest city in the United States. Our cost of living indices are based on a US average of 100.

Marine industry still plays an important role in the city’s economy, with an a… Housing is one of the largest components of cost of living. In Portland, the median home value is $273,400, greater than the national median home value of $204,900. The median price of a home built in 1939 or earlier is $302,500, while the median value of a home built in 2014 or later is $397,200. Members receive 10 FREE city profile downloads a month, unlimited access to our detailed cost of living calculator and analysis, unlimited access to our DataEngine, and more.

Make sure you prepare in advance for what additional TLC those kids and pets will need to have a good move. As for investing in property (as 43% of Portland dwellers do), the typical home value in Portland is currently hovering around $464,000. As more and more people migrate to Portland and homes fill up, however, real estate prices tend to climb. In December 2021, the typical home value had gone up nearly 22% compared to the previous year. Not to mention, houses rarely linger on the market for long — the average in 2021 was 9 days before going under contract, compared to 13 days the year before.

Enhanced Cost of Living CalculatorNow includes childcare, taxes, health, housing for home owners vs renters, insurance costs and more when you upgrade to premium. A person working in Portland, ME typically earns around $3,293 per month and it’s not qualification specific. $3,293 is a good salary according to average cost of living which is $2,680.

You can most often find her redecorating her apartment, trying out a new recipe, or trekking all over the city. This review is based on my own experience and is my genuine opinion. There should be a variety of cultures and religions represented. People should feel welcome to live in any part of the city.

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