Saco, ME Cost Of Living
Cost Of Living In Saco, ME Summary
Cost of living in Saco research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Saco is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maine, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Saco is 109, with 100 being the average.
The cost of living index in Saco is 1.1x higher than the national average.
Saco ranks as the #22 cheapest in Maine out of 29.
Saco ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Saco is $289,800.
The median income in Saco is $72,700.
Table Of Contents
Saco's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Saco, ME?
According to the most recent data on the cost of living, Saco has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Maine, Saco has a cost of living index that's 1.0x lower than Maine's index of 112.
The standard of living in Saco ranks as #22 most affordable out of the 29 places we measured in Maine. By definition, that implies Saco ranks as the #7 most expensive place in the Pine Tree State.
For more reading on life in Saco, check out:
- Living In Saco
- Saco Crime Report
- Search Homes For Sale In Saco, ME
In Maine
In America
Saco Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Saco. Here is how it fairs on each of the criteria:
The Services index in Saco is 111.
The Groceries index in Saco is 101.
The Health index in Saco is 115.
The Housing index in Saco is 120.
The Transportation index in Saco is 100.
The Utilities index in Saco is 107.
| Living Expense | Saco | Maine | National Average | |
|---|---|---|---|---|
| Overall | 109 | 112 | 100 | |
| Services | 111 | 114 | 100 | |
| Groceries | 101 | 101 | 100 | |
| Health | 115 | 97 | 100 | |
| Housing | 120 | 120 | 100 | |
| Transportation | 100 | 116 | 100 | |
| Utilities | 107 | 104 | 100 | |
Saco, ME Housing Cost Breakdown
Housing swings affordability the most between places in Maine, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Saco is $289,800.
The Median Rent in Saco is $1,186.
The Median Income in Saco is $72,700.
The Home Value To Income in Saco is 4.0x.
The Rent To Monthly Income in Saco is 0.2x.
| Statistic | Saco | Maine | United States |
|---|---|---|---|
| Median Home Value | $289,800 | $212,100 | $244,900 |
| Median Rent | $1,186 | $927 | $1,163 |
| Median Income | $72,700 | $63,182 | $69,021 |
| Home Value To Income | 4.0x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Saco, ME Costs By Category
Detailed Saco Services Costs Vs. Maine
Detailed Saco Groceries Costs Vs. Maine
Detailed Saco Health Costs Vs. Maine
Detailed Saco Transportation Costs Vs. Maine
Detailed Saco Utilities Costs Vs. Maine
Saco SnackAbility
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Cost Of Living In Cities Around Saco
The cost of living varies in the cities and towns around Saco. Here's a quick look at the cost of living in the most populous nearby places:
Portland, ME has a cost of living index of 111, 1.0x Saco.
South Portland, ME has a cost of living index of 113, 1.0x Saco.
Biddeford, ME has a cost of living index of 107, 1.0x Saco.
| City | Population | Cost Of Living | Vs. Saco |
|---|---|---|---|
| Portland, ME | 68,063 | 111 | 1.0x |
| South Portland, ME | 26,428 | 113 | 1.0x |
| Biddeford, ME | 22,331 | 107 | 1.0x |
| Westbrook, ME | 20,074 | 105 | 1.0x |
| Old Orchard Beach, ME | 8,954 | 106 | 1.0x |
| Gorham, ME | 7,378 | 112 | 1.0x |
| Kennebunk, ME | 5,616 | 112 | 1.0x |
