Cost of Living in South portland, ME

Housing

The housing market plays a significant role in determining the cost of living in South portland, ME.

• Housing Index: 110.0 / 100
• Median Home Price is: $308000
• Average Rent (2 BR Apartment): $1900 per month
• Average Rent (2 BR House): $1975 per month

Considering a move to South portland, ME? With a population of and a median age of , this city demonstrates a mature, stable community. The median income stands at , providing a respectable standard of living, while low poverty levels at % and an unemployment rate of just % suggest economic resilience. With 38% of families being married, the social fabric is likely to be strong. Overall, South portland presents as an attractive option for those valuing stability and community, alongside economic opportunity.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in South portland, ME.

• Electricity Price: 22.26 USD (median by state)
• Natural Gas Price: $21.63 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in South portland, ME could entail higher utility costs. Electricity costs sit at 22.26, while natural gas is priced at 21.63 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $82489

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to South portland, ME, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.