Financial Profile: Maine
Financial landscape, tax rates, cost of living, and median income scoring for Maine residents.
Maine at a Glance
Avg Salary
$54,000
Cost of Living
113
Top Tax Rate
7.2%
Adjusted Income
$47,787
Monthly Take-Home
$3,459
Max Rent (30%)
$1,350
Financial Genome at Median Income
Scores calculated for someone earning $54,000/yr in Maine with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in Maine: Financial Overview
Maine has graduated income tax rates from 5.8% to 7.15% for high earners.
- Higher tax rates
- Quality of life
- Growing remote work destination
Major Cities
Portland, Lewiston, Bangor, South Portland
With a cost of living index of 113 (above the national average of 100), expenses are higher in Maine. A $60,000 salary here has the purchasing power equivalent of only $53,097 in an average-cost area.
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