Cost of Living in Farmington, ME

Population 8,021 · Maine · Data vintage 2023

61
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Farmington sits on the smaller end of the Maine city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 135 miles northeast of Manchester, Farmington is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 49% lower than Manchester's $336,000.

Cost Overview

Housing 56
Rent 68

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

About the Cost of Living in Farmington

The median home value in Farmington is $170,200 — 44% below the national median of $305,000. Median rent runs $897/month, 32% lower than the national median of $1,314/month. The median household income of $53,204/year is 29% lower than the US median of $74,580. The local unemployment rate is 3.4%, 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 37.0°F. Overall, Farmington has a cost of living index of 61 versus the US average of 100, meaning it is 39% less expensive.

🏠 Housing

Median Home Value
$170,200
44% below avg
Median Rent
$897/mo
32% below avg
Price-to-Rent Ratio
15.8x
Favors buying
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$765
1 BR
$851
2 BR
$1,116
3 BR
$1,474
4 BR
$1,480
Owner-occupied 57.1%
Renter-occupied 42.9%

💰 Estimated Monthly Budget

Rent median rent
$897
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,511/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
27.8 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.5%

Commute Mode

Drove alone
55.2%
Carpooled
8.3%
Walked
9.4%
Bicycle
1.3%
Work from home
20.5%

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
$53,204
29% below avg
Per Capita Income
$33,973
Unemployment Rate
3.4%
29% below avg
Poverty Rate
17.8%
Labor Force Participation
53.0%

🎓 Education

Bachelor's degree+ 22.4%
Graduate degree 13.5%

👥 Demographics

Median Age 43.3
Male median age 38.8
Female median age 46.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
55.2°F
Avg Low
37.0°F
Annual Precip
41.8"
10° 28° 45° 63° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293241546674807971584635
Low °F 121423344554605951403020
Precip" 2.622.323.213.823.274.013.203.413.904.693.953.44

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
12.3:1
Student-teacher ratio
8
Public schools
2,423
Total enrollment

Frequently Asked Questions

What is the cost of living in Farmington, ME?

Farmington has a cost index of 61 (100 = national average). It is 39% below the national average.

What is average rent in Farmington, ME?

The median gross rent in Farmington is $897 per month based on 2023 Census data.

What is the average home price in Farmington?

The median home value in Farmington is $170,200 according to 2023 Census ACS data.

What is the median income in Farmington?

The median household income in Farmington is $53,204 per year (2023 ACS 5-year estimates).

What is the sales tax in Farmington, ME?

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

Is Farmington, ME affordable?

Yes, Farmington is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.

What is the weather like in Farmington?

Farmington has average high temperatures of 55.2°F and average lows of 37.0°F. Annual precipitation is 41.8". Data from NOAA 1991–2020 Climate Normals.

Farmington at a Glance

Population
8,021
Median Income
$53,204
Home Value
$170,200
Median Rent
$897/mo
Unemployment
3.4%
Avg High Temp
55.2°F
Sales Tax
5.5%
View all cities in Maine →
🗺️ County data for Maine

Explore county-level cost of living data

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