What Salary Do You Need to Live in Portland, ME?

To live comfortably in Portland, a household needs to earn roughly $75,000/year. That's about $6,250/month before taxes.

The Number: $75,000/year

At $75,000 per year, a household in Portland can afford median-priced rental housing at roughly 28% of gross income.

This is based on Portland's median monthly rent of $1,711 and the 28% housing guideline. Source: Census ACS 2024.

Portland at a Glance

Median rent$1,711/mo
Median home price$555,100
Median household income$82,059
State income taxUp to 7.15%
Sales tax5.5%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Portland on roughly $50,000/year. That's about $4,167/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Portland

The median monthly rent is $1,711. Using the 30% guideline, you need about $68,000/year to afford this comfortably.

The median home price is $555,100. With a 20% down payment, you would need roughly $111,020 saved and a household income to support the mortgage payments.

The median household income is $82,059/year. Our recommended salary of $75,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.