Cost of Living in Monmouth, ME
Population 4,138 · Maine · Data vintage 2023
(100 = US avg)
Monmouth is a smaller Maine community of around 4000 residents, where median household incomes of $80,778 and housing costs ($261,000 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 0.3% — below most comparable cities in the state.
Geographically, Monmouth lies roughly 110 miles northeast of the nearest major metro, Manchester. Median home values run roughly 22% lower than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Monmouth
The median home value in Monmouth is $261,000 — 14% below the national median of $305,000. Median rent runs $1,202/month, 9% lower than the national median of $1,314/month. The median household income of $80,778/year is 8% higher than the US median of $74,580. The local unemployment rate is 0.3%, 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, Monmouth has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.
Monmouth has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 29 | 32 | 41 | 54 | 66 | 74 | 80 | 79 | 71 | 58 | 46 | 35 |
| Low °F | 12 | 14 | 23 | 34 | 45 | 54 | 60 | 59 | 51 | 40 | 30 | 20 |
| Precip" | 2.62 | 2.32 | 3.21 | 3.82 | 3.27 | 4.01 | 3.20 | 3.41 | 3.90 | 4.69 | 3.95 | 3.44 |
Frequently Asked Questions
What is the cost of living in Monmouth, ME?
Monmouth has a cost index of 88 (100 = national average). It is 12% below the national average.
What is average rent in Monmouth, ME?
The median gross rent in Monmouth is $1,202 per month based on 2023 Census data.
What is the average home price in Monmouth?
The median home value in Monmouth is $261,000 according to 2023 Census ACS data.
What is the median income in Monmouth?
The median household income in Monmouth is $80,778 per year (2023 ACS 5-year estimates).
What is the sales tax in Monmouth, ME?
The combined state and local sales tax rate in Monmouth is 5.5%. The Maine state income tax top rate is 7.2%.
Is Monmouth, ME affordable?
Yes, Monmouth is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.
What is the weather like in Monmouth?
Monmouth 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.
Monmouth at a Glance
- Population
- 4,138
- Median Income
- $80,778
- Home Value
- $261,000
- Median Rent
- $1,202/mo
- Unemployment
- 0.3%
- Avg High Temp
- 55.2°F
- Sales Tax
- 5.5%
Nearby Cities
Explore county-level cost of living data
Maine Rankings
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