Cost Of Living in Yarmouth, ME

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Yarmouth	Maine	National
Cost of living	127	102	100
Goods & Services	109	109	100
Groceries	102	102	100
Health care	103	103	100
Housing	172	92	100
Transportation	109	109	100
Utilities	107	107	100

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Cost Of Living Quick Facts

The cost of living in Yarmouth is 24% higher than the Maine average
The cost of living in Yarmouth is 27% higher than the national average
Yarmouth housing is 72% higher than the national average
Maine general sales tax is 8% higher than the national average
Maine state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$88,839	$7,403	$2,073	$2,665
Renters	$50,700	$4,225	$1,183	$1,521

To approximate the cost of living and the housing affordability in Yarmouth, ME, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Yarmouth have a median income of $88,839. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,073 per month to avoid calamity and poverty. The renters in the city have an income of about $50,700, which would make their monthly maximum allowable rental costs $1,183.

Maine Sales Tax

State	General Sales Tax	With Max Surtax
Maine	5.5%	5.5%

Maine Income Tax

State	Income Tax (Low)	Income Tax (High)
Maine	5.8%	7.15%

Goods & Services

Item	Yarmouth	National avg.	Difference
Haircut	$28.67	$24.26	18.2%
Beauty Salon	$53.03	$45.56	16.4%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.17	$1.28	8.9%
Movie	$13.07	$12.13	7.7%
Bowling	$17.76	$18.00	1.4%

Groceries

Item	Yarmouth	National avg.	Difference
Ground Beef	$5.41	$5.84	7.3%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.75	$4.67	1.7%
Potatoes	$5.00	$4.93	1.3%
Pizza	$11.93	$12.09	1.3%
Beer	$10.22	$10.41	1.9%

Health Care

Item	Yarmouth	National avg.	Difference
Optometrist	$170.67	$125.68	35.8%
Doctor	$146.50	$135.78	7.9%
Dentist	$119.58	$113.29	5.6%
Ibuprofen	$10.72	$10.65	0.7%
Lipitor	$372.90	$468.60	20.4%

Housing

Item	Yarmouth	National avg.	Difference
Home Price	$347,300.00	$184,700.00	88.0%
Avg. Mortgage Payment	$2,456.69	$2,346.69	4.7%
Apartment Rent	$1,281.00	$949.00	35.0%

Transportation

Item	Yarmouth	National avg.	Difference
Gasoline	$3.52	$3.46	1.7%
Tire Balancing	$76.01	$59.92	26.8%

Utilities

Item	Yarmouth	National avg.	Difference
All Electricity	$218.65	$193.99	12.7%
Phone	$185.73	$192.25	3.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Lisbon Falls, ME	4,079	100	0.4%
Little Falls, ME	745	103	3.4%
Freeport, ME	1,879	108	8.1%
Gray, ME	747	110	9.9%
Topsham, ME	6,246	111	11.3%
Yarmouth, ME	5,752	127	26.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mount Arlington, NJ	5,751	126	25.6%
Ellenton, FL	5,754	99	0.9%
Washingtonville, NY	5,754	117	17.2%
Gustine, CA	5,748	118	18.4%
Angier, NC	5,748	95	4.7%
Yarmouth, ME	5,752	127	26.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Yarmouth, ME