Cost of Living in North Yarmouth, ME

Population 4,173 · Maine · Data vintage 2023

144
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives North Yarmouth a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $480,000. An unemployment rate of 1.8% points to a labor market well on the tight side of the national distribution.

Geographically, North Yarmouth lies roughly 85 miles northeast of the nearest major metro, Manchester. Median home values run roughly 43% higher than Manchester's $336,000.

Cost Overview

Housing 157
Rent 123

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

About the Cost of Living in North Yarmouth

The median home value in North Yarmouth is $480,000 — 57% above the national median of $305,000. Median rent runs $1,615/month, 23% higher than the national median of $1,314/month. The median household income of $119,813/year is 61% higher than the US median of $74,580. The local unemployment rate is 1.8%, 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%. The climate averages highs of 55.2°F and lows of 36.2°F, with about 66.8" of annual snowfall. Overall, North Yarmouth has a cost of living index of 144 versus the US average of 100, meaning it is 44% more expensive.

🏠 Housing

Median Home Value
$480,000
57% above avg
Median Rent
$1,615/mo
23% above avg
Price-to-Rent Ratio
24.8x
Favors renting
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,379
1 BR
$1,563
2 BR
$2,011
3 BR
$2,464
4 BR
$2,763
Owner-occupied 87.4%
Renter-occupied 12.6%

💰 Estimated Monthly Budget

Rent median rent
$1,615
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,229/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
26.5 min
2% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.1%

Commute Mode

Drove alone
74.3%
Carpooled
6.0%
Walked
1.1%
Bicycle
0.4%
Work from home
18.1%

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
$119,813
61% above avg
Per Capita Income
$58,930
Unemployment Rate
1.8%
63% below avg
Poverty Rate
6.3%
Labor Force Participation
58.7%

🎓 Education

Bachelor's degree+ 30.8%
Graduate degree 22.6%

👥 Demographics

Median Age 47.7
Male median age 47.7
Female median age 47.6

🌤 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 North Yarmouth, ME?

North Yarmouth has a cost index of 144 (100 = national average). It is 44% above the national average.

What is average rent in North Yarmouth, ME?

The median gross rent in North Yarmouth is $1,615 per month based on 2023 Census data.

What is the average home price in North Yarmouth?

The median home value in North Yarmouth is $480,000 according to 2023 Census ACS data.

What is the median income in North Yarmouth?

The median household income in North Yarmouth is $119,813 per year (2023 ACS 5-year estimates).

What is the sales tax in North Yarmouth, ME?

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

Is North Yarmouth, ME affordable?

North Yarmouth is above average in cost of living, with an index of 144 — about 44% higher than the national average.

What is the weather like in North Yarmouth?

North Yarmouth 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.

North Yarmouth at a Glance

Population
4,173
Median Income
$119,813
Home Value
$480,000
Median Rent
$1,615/mo
Unemployment
1.8%
Avg High Temp
55.2°F
Sales Tax
5.5%
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