Cost of Living in Oakland, ME
Population 6,284 · Maine · Data vintage 2023
(100 = US avg)
Oakland offers a notably favorable income-to-housing ratio for its region. The typical home — $217,000 — costs less than 2.9 times median household income of $74,230, a threshold many coastal markets passed a decade ago. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.
Geographically, Oakland lies roughly 140 miles northeast of the nearest major metro, Manchester. Median home values run roughly 35% lower than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Oakland
The median home value in Oakland is $217,100 — 29% below the national median of $305,000. Median rent runs $879/month, 33% lower than the national median of $1,314/month. The median household income of $74,230/year is equal to than the US median of $74,580. The local unemployment rate is 1.4%, 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, Oakland has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.
Oakland 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 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Oakland, ME?
Oakland has a cost index of 69 (100 = national average). It is 31% below the national average.
What is average rent in Oakland, ME?
The median gross rent in Oakland is $879 per month based on 2023 Census data.
What is the average home price in Oakland?
The median home value in Oakland is $217,100 according to 2023 Census ACS data.
What is the median income in Oakland?
The median household income in Oakland is $74,230 per year (2023 ACS 5-year estimates).
What is the sales tax in Oakland, ME?
The combined state and local sales tax rate in Oakland is 5.5%. The Maine state income tax top rate is 7.2%.
Is Oakland, ME affordable?
Yes, Oakland is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.
What is the weather like in Oakland?
Oakland 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.
Oakland at a Glance
- Population
- 6,284
- Median Income
- $74,230
- Home Value
- $217,100
- Median Rent
- $879/mo
- Unemployment
- 1.4%
- Avg High Temp
- 55.2°F
- Sales Tax
- 5.5%
Nearby Cities
Explore county-level cost of living data
Maine Rankings
Similar Cost Cities
Cities in other states with comparable housing costs