Zip 04108 (Portland, ME) Cost of Living


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How much do I need to live in Portland, Maine?
$9,210 / month
for a family, 70.6% more expensive than the national average A total of $110,520 for the year for a family.
$4,367 / month
for a single person, 8.4% less expensive than the national average A total of $52,400 for the year for a single person.

Portland cost of living score
112.5
More expensive
12.5% higher
than the US average
16.0% higher
than the Maine average
Portland (zip 04108), 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 04108 (Portland, ME)

Housing costs in Portland?
A typical home costs $577,300, which is 70.7% more expensive than the national average of $338,100 and 72.8% 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% more than the national average of $1,250 and 4.7% more than the state average of $1,610.

Can I afford Portland?
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.

What does A.I. say about Portland?
The cost of living in 04108 Portland, ME is slightly higher than the national average, but still relatively low. According to recent data from Sperling's Best Places, the median home price in 04108 is $256,000 which is above the national median of $184,700. Groceries are about 6% higher than the national average while utilities are 11% lower. The overall cost of living index for 04108 is 102.8 compared to the US average of 100. This means that Portland is slightly more expensive than most other cities in America, but it still offers a great value for those looking for a place to settle down and enjoy all that Maine has to offer.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesPortlandMaineUnited States
    Unlock97.0100.0
  114.9  Unlock100.0
    Unlock96.5100.0
  199.8  Unlock100.0
    Unlock$334,000$338,100
  102.7  Unlock100.0
    Unlock79.2100.0
  113.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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