Zip 04038 (Gorham, ME) Cost of Living


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How much do I need to live in Gorham, Maine?
$7,050 / month
for a family, 30.6% more expensive than the national average A total of $84,600 for the year for a family.
$4,533 / month
for a single person, 4.9% less expensive than the national average A total of $54,400 for the year for a single person.

Gorham cost of living score
112.5
More expensive
12.5% higher
than the US average
16.0% higher
than the Maine average
Gorham (zip 04038), Maine gets a BestPlaces Cost of Living score of 112.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.5% higher than the U.S. average and 16.0% higher than the average for Maine.

Zip 04038 (Gorham, ME)

Housing costs in Gorham?
A typical home costs $441,200, which is 30.5% more expensive than the national average of $338,100 and 32.1% more expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Gorham costs $1,760 per month, which is 23.1% more than the national average of $1,430 and 29.0% more than the state average of $1,250.

Can I afford Gorham?
To live comfortably in Gorham (zip 04038), Maine, a minimum annual income of $84,600 for a family, and $54,400 for a single person is recommended.

What does A.I. say about Gorham?
Living in 04038 Gorham, ME is quite affordable. The cost of living index is about 8 points lower than the national average, making it a great place for those looking to save money while still having access to the amenities they need. Housing costs are particularly low, with a median home value around $165,000. Additionally, utilities are reasonably priced and transportation costs are also affordable compared to other areas in Maine. For those looking to enjoy a small-town atmosphere without breaking the bank, Gorham is an excellent choice.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGorhamMaineUnited States
  112.597.0100.0
  110.4107.1100
  90.596.5100.0
  133.7103.4100.0
  $441,200$334,000$338,100
  107.1103.6100
  85.879.2100.0
  113.892.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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