Cost of Living in Portland, ME
Population: 68,505 • 2026 Data
$76,174
Median Household Income
-2% vs national
$1,487
Median Monthly Rent
+10% vs national
$452,600
Median Home Value
+33% vs national
4.3%
Unemployment Rate
Housing in Portland
The median home value in Portland, ME is $452,600. Monthly rent for a typical unit averages $1,487, while total monthly housing costs (including utilities and insurance) average $1,573.
Rent-to-income ratio: 23.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Portland, ME is $76,174. The unemployment rate stands at 4.3%, with a labor force of 41,586 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.