Cost of Living in Lincoln, ME

Population 4,857 · Maine · Data vintage 2023

44
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lincoln 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. Unemployment has stayed elevated relative to the national figure — 6.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 220 miles northeast of Manchester, Lincoln is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 63% lower than Manchester's $336,000.

Cost Overview

Housing 41
Rent 49

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

About the Cost of Living in Lincoln

The median home value in Lincoln is $124,600 — 59% below the national median of $305,000. Median rent runs $643/month, 51% lower than the national median of $1,314/month. The median household income of $50,961/year is 32% lower than the US median of $74,580. The local unemployment rate is 6.4%, above 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 52.8°F and lows of 32.7°F. Overall, Lincoln has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.

🏠 Housing

Median Home Value
$124,600
59% below avg
Median Rent
$643/mo
51% below avg
Price-to-Rent Ratio
16.1x
Favors buying
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$839
1 BR
$880
2 BR
$1,155
3 BR
$1,455
4 BR
$1,723
Owner-occupied 73.9%
Renter-occupied 26.1%

💰 Estimated Monthly Budget

Rent median rent
$643
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,257/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
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.9%

Commute Mode

Drove alone
83.0%
Carpooled
4.5%
Public transit
2.0%
Walked
6.6%
Work from home
3.9%

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
$50,961
32% below avg
Per Capita Income
$29,410
Unemployment Rate
6.4%
33% above avg
Poverty Rate
14.2%
Labor Force Participation
44.7%

🎓 Education

Bachelor's degree+ 15.3%
Graduate degree 7.4%

👥 Demographics

Median Age 53.6
Male median age 56.4
Female median age 52.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
52.8°F
Avg Low
32.7°F
Annual Precip
42.6"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 252838516574797869564231
Low °F 6718304252575547372715
Precip" 2.702.132.973.513.424.204.163.803.614.554.103.45

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 35 — Good
82.1%
Good air days/yr
89
Max AQI recorded
193
PM2.5 days
161
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
12.3:1
Student-teacher ratio
3
Public schools
935
Total enrollment

Frequently Asked Questions

What is the cost of living in Lincoln, ME?

Lincoln has a cost index of 44 (100 = national average). It is 56% below the national average.

What is average rent in Lincoln, ME?

The median gross rent in Lincoln is $643 per month based on 2023 Census data.

What is the average home price in Lincoln?

The median home value in Lincoln is $124,600 according to 2023 Census ACS data.

What is the median income in Lincoln?

The median household income in Lincoln is $50,961 per year (2023 ACS 5-year estimates).

What is the sales tax in Lincoln, ME?

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

Is Lincoln, ME affordable?

Yes, Lincoln is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.

What is the weather like in Lincoln?

Lincoln has average high temperatures of 52.8°F and average lows of 32.7°F. Annual precipitation is 42.6". Data from NOAA 1991–2020 Climate Normals.

Lincoln at a Glance

Population
4,857
Median Income
$50,961
Home Value
$124,600
Median Rent
$643/mo
Unemployment
6.4%
Avg High Temp
52.8°F
Sales Tax
5.5%
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🗺️ County data for Maine

Explore county-level cost of living data

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