Cost of Living in Bowdoin, ME

Population 3,180 · Maine · Data vintage 2023

84
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Bowdoin is a smaller Maine community of around 3000 residents, where median household incomes of $78,238 and housing costs ($257,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.1% — below most comparable cities in the state.

Bowdoin lies roughly 105 miles northeast of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than Manchester's $336,000.

Cost Overview

Housing 84

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

About the Cost of Living in Bowdoin

The median home value in Bowdoin is $257,300 — 16% below the national median of $305,000. The median household income of $78,238/year is 5% higher than the US median of $74,580. The local unemployment rate is 1.1%, 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%. The climate averages highs of 55.2°F and lows of 36.2°F, with about 66.8" of annual snowfall. Overall, Bowdoin has a cost of living index of 84 versus the US average of 100, meaning it is 16% less expensive.

🏠 Housing

Median Home Value
$257,300
16% below avg
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,037
1 BR
$1,168
2 BR
$1,435
3 BR
$2,011
4 BR
$2,410
Owner-occupied 86.7%
Renter-occupied 13.3%

🛒 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
28.6 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.3%

Commute Mode

Drove alone
87.0%
Carpooled
1.7%
Work from home
11.3%

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
$78,238
5% above avg
Per Capita Income
$37,238
Unemployment Rate
1.1%
78% below avg
Poverty Rate
9.7%
Labor Force Participation
56.8%

🎓 Education

Bachelor's degree+ 23.1%
Graduate degree 9.6%

👥 Demographics

Median Age 44.6
Male median age 44.1
Female median age 48.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
55.2°F
Avg Low
36.2°F
Annual Precip
50"
Annual Snowfall
66.8"
10° 28° 45° 63° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 303341536473797870584737
Low °F 121424324453595850393020
Precip" 3.463.504.064.284.064.213.483.274.206.005.194.30
Snow" 19.313.618.73.30.00.00.00.00.00.21.99.8

Frequently Asked Questions

What is the cost of living in Bowdoin, ME?

Bowdoin has a cost index of 84 (100 = national average). It is 16% below the national average.

What is the average home price in Bowdoin?

The median home value in Bowdoin is $257,300 according to 2023 Census ACS data.

What is the median income in Bowdoin?

The median household income in Bowdoin is $78,238 per year (2023 ACS 5-year estimates).

What is the sales tax in Bowdoin, ME?

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

Is Bowdoin, ME affordable?

Yes, Bowdoin is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.

What is the weather like in Bowdoin?

Bowdoin has average high temperatures of 55.2°F and average lows of 36.2°F. Annual precipitation is 50". Average annual snowfall is 66.8". Data from NOAA 1991–2020 Climate Normals.

Bowdoin at a Glance

Population
3,180
Median Income
$78,238
Home Value
$257,300
Unemployment
1.1%
Avg High Temp
55.2°F
Sales Tax
5.5%
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