Quick facts: South portland, ME

Quick Facts

105.3
Cost of Living
above US average
27,026
Population
19.8
Crime Rate per 1000
below US average
$82,489
Median Income
above US average
$599,000
Median House Price
above US average
$2652.91
Average Rent
above US average
7%
Poverty Rate
below US average
2.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $82,489.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $82,489
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2652.91/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $82,489
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South portland, ME

South Portland, located in Cumberland County, Maine, is a vibrant city known for its picturesque coastal views and bustling community atmosphere. Just across the Fore River from Portland, South Portland offers residents and visitors a blend of suburban charm and urban convenience. The city boasts stunning waterfront parks, such as Bug Light Park, which features a historic lighthouse and beautiful trails, making it ideal for outdoor activities. The South Portland Oceanfront is a popular spot for leisure and recreation, providing opportunities for boating, fishing, and enjoying the scenic coastline. South Portland is also home to a diverse array of shopping, dining, and entertainment options. The Maine Mall, the largest shopping center in the state, features a wide variety of stores, restaurants, and services. The local dining scene includes fresh seafood, farm-to-table eateries, and international cuisine. The city has a strong sense of community, evidenced by numerous local events and festivals held throughout the year. Additionally, its proximity to Portland offers easy access to cultural experiences, museums, and nightlife. Overall, South Portland is an appealing destination for those seeking a blend of natural beauty, recreational opportunities, and community spirit.

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