Cost of Living in Yarmouth, ME

Population 6,293 · Maine · Data vintage 2023

151
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Yarmouth 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.

Yarmouth lies roughly 85 miles northeast of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 51% higher than Manchester's $336,000.

Cost Overview

Housing 166
Rent 129

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

About the Cost of Living in Yarmouth

The median home value in Yarmouth is $506,300 — 66% above the national median of $305,000. Median rent runs $1,694/month, 29% higher than the national median of $1,314/month. The median household income of $92,311/year is 24% higher than the US median of $74,580. The local unemployment rate is 5.9%, 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%. Overall, Yarmouth has a cost of living index of 151 versus the US average of 100, meaning it is 51% more expensive.

🏠 Housing

Median Home Value
$506,300
66% above avg
Zillow Home Value
$151,057
Zillow ZHVI
Median Rent
$1,694/mo
29% above avg
Price-to-Rent Ratio
24.9x
Favors renting
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$839
1 BR
$901
2 BR
$1,155
3 BR
$1,455
4 BR
$1,649
Owner-occupied 69.8%
Renter-occupied 30.3%

💰 Estimated Monthly Budget

Rent median rent
$1,694
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,308/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.7%

Commute Mode

Drove alone
75.8%
Carpooled
4.0%
Public transit
0.5%
Walked
1.7%
Bicycle
0.4%
Work from home
16.7%

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
$92,311
24% above avg
Per Capita Income
$52,812
Unemployment Rate
5.9%
23% above avg
Poverty Rate
12.4%
Labor Force Participation
72.0%

🎓 Education

Bachelor's degree+ 33.8%
Graduate degree 30.4%

👥 Demographics

Median Age 38.3
Male median age 32.8
Female median age 41.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
72.9%
Good air days/yr
120
Max AQI recorded
175
PM2.5 days
179
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
12.8:1
Student-teacher ratio
4
Public schools
1,698
Total enrollment

Frequently Asked Questions

What is the cost of living in Yarmouth, ME?

Yarmouth has a cost index of 151 (100 = national average). It is 51% above the national average.

What is average rent in Yarmouth, ME?

The median gross rent in Yarmouth is $1,694 per month based on 2023 Census data.

What is the average home price in Yarmouth?

The median home value in Yarmouth is $506,300 according to Zillow and Census data.

What is the median income in Yarmouth?

The median household income in Yarmouth is $92,311 per year (2023 ACS 5-year estimates).

What is the sales tax in Yarmouth, ME?

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

Is Yarmouth, ME affordable?

Yarmouth is above average in cost of living, with an index of 151 — about 51% higher than the national average.

Yarmouth at a Glance

Population
6,293
Median Income
$92,311
Home Value
$506,300
Median Rent
$1,694/mo
Unemployment
5.9%
Sales Tax
5.5%
View all cities in Maine →
🗺️ County data for Maine

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs