Cost of Living in Belfast, ME

Population 6,985 · Maine · Data vintage 2023

91
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Belfast is 57 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.

Located 155 miles northeast of Manchester, Belfast is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 9% lower than Manchester's $336,000.

Cost Overview

Housing 101
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Belfast

The median home value in Belfast is $307,700 — 1% above the national median of $305,000. Median rent runs $986/month, 25% lower than the national median of $1,314/month. The median household income of $61,322/year is 18% lower than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. Maine's top state income tax rate is 7.2% and the combined sales tax is 5.5%. Overall, Belfast has a cost of living index of 91 versus the US average of 100, meaning it is 9% less expensive.

🏠 Housing

Median Home Value
$307,700
1% above avg
Zillow Home Value
$417,902
Zillow ZHVI
Median Rent
$986/mo
25% below avg
Price-to-Rent Ratio
26.0x
Favors renting
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$839
1 BR
$901
2 BR
$1,155
3 BR
$1,455
4 BR
$1,649
Owner-occupied 67.3%
Renter-occupied 32.7%

💰 Estimated Monthly Budget

Rent median rent
$986
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,600/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.5 min
24% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.3%

Commute Mode

Drove alone
71.1%
Carpooled
10.2%
Public transit
0.8%
Walked
4.8%
Work from home
12.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.2%
Total Sales Tax 5.5%
State rate 5.5%
Avg local rate 0.0%
Property Tax 1.4%

💼 Income & Employment

Median Household Income
$61,322
18% below avg
Per Capita Income
$45,129
Unemployment Rate
3.8%
20% below avg
Poverty Rate
18.2%
Labor Force Participation
43.8%

🎓 Education

Bachelor's degree+ 23.0%
Graduate degree 25.2%

👥 Demographics

Median Age 56.7
Male median age 54.6
Female median age 60.4

🏫 Schools

NCES CCD 2019 — public school district data

77%
4-Year Graduation Rate
11.9:1
Student-teacher ratio
7
Public schools
1,557
Total enrollment

Frequently Asked Questions

What is the cost of living in Belfast, ME?

Belfast has a cost index of 91 (100 = national average). It is 9% below the national average.

What is average rent in Belfast, ME?

The median gross rent in Belfast is $986 per month based on 2023 Census data.

What is the average home price in Belfast?

The median home value in Belfast is $307,700 according to Zillow and Census data.

What is the median income in Belfast?

The median household income in Belfast is $61,322 per year (2023 ACS 5-year estimates).

What is the sales tax in Belfast, ME?

The combined state and local sales tax rate in Belfast is 5.5%. The Maine state income tax top rate is 7.2%.

Is Belfast, ME affordable?

Belfast is near the national average in terms of cost of living, with an index of 91 (100 = US average).

Belfast at a Glance

Population
6,985
Median Income
$61,322
Home Value
$307,700
Median Rent
$986/mo
Unemployment
3.8%
Sales Tax
5.5%
View all cities in Maine →
🗺️ County data for Maine

Explore county-level cost of living data

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