Cost of Living in Raymond, ME

Population 4,577 · Maine · Data vintage 2023

112
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Raymond 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.

Geographically, Raymond lies roughly 80 miles northeast of the nearest major metro, Manchester. Housing prices track closely with Manchester's $336,000 median.

Cost Overview

Housing 115
Rent 107

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

About the Cost of Living in Raymond

The median home value in Raymond is $349,500 — 15% above the national median of $305,000. Median rent runs $1,405/month, 7% higher than the national median of $1,314/month. The median household income of $85,559/year is 15% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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, Raymond has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.

🏠 Housing

Median Home Value
$349,500
15% above avg
Median Rent
$1,405/mo
7% above avg
Price-to-Rent Ratio
20.7x
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 87.1%
Renter-occupied 12.9%

💰 Estimated Monthly Budget

Rent median rent
$1,405
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,019/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
34.7 min
29% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
31.5%

Commute Mode

Drove alone
54.6%
Carpooled
10.0%
Public transit
0.8%
Walked
1.6%
Work from home
31.5%

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
$85,559
15% above avg
Per Capita Income
$46,278
Unemployment Rate
3.1%
36% below avg
Poverty Rate
4.7%
Labor Force Participation
54.6%

🎓 Education

Bachelor's degree+ 30.9%
Graduate degree 18.0%

👥 Demographics

Median Age 46.3
Male median age 48.2
Female median age 44.7

🌤 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 Raymond, ME?

Raymond has a cost index of 112 (100 = national average). It is 12% above the national average.

What is average rent in Raymond, ME?

The median gross rent in Raymond is $1,405 per month based on 2023 Census data.

What is the average home price in Raymond?

The median home value in Raymond is $349,500 according to 2023 Census ACS data.

What is the median income in Raymond?

The median household income in Raymond is $85,559 per year (2023 ACS 5-year estimates).

What is the sales tax in Raymond, ME?

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

Is Raymond, ME affordable?

Raymond is above average in cost of living, with an index of 112 — about 12% higher than the national average.

What is the weather like in Raymond?

Raymond 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.

Raymond at a Glance

Population
4,577
Median Income
$85,559
Home Value
$349,500
Median Rent
$1,405/mo
Unemployment
3.1%
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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