Portland (zip 04108), Maine gets a BestPlaces Cost of Living index of 112.5, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 12.5 percent higher than the U.S. average and 16.0 percent higher than the average for Maine.
A typical home costs $577,300, which is 70.7 percent more expensive than the national average of $338,100 and 72.8 percent more expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Portland costs $1,690 per month, which is 35.2 percent more than the national average of $1,250 and 4.7 percent more than the state average of $1,610.
To live comfortably in Portland (zip 04108), Maine, a minimum annual income of $110,520 for a family, and $52,400 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Portland (zip 04108) is cheaper than the US average. A cost of living index above 100 means Portland (zip 04108), Maine is more expensive.
Portland (zip 04108) cost of living is 112.5