Yarmouth, ME Cost Of Living
Cost Of Living In Yarmouth, ME Summary
Cost of living in Yarmouth 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 Yarmouth 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 Yarmouth is 121, with 100 being the average.
The cost of living index in Yarmouth is 1.2x higher than the national average.
Yarmouth ranks as the #29 cheapest in Maine out of 29.
Yarmouth ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Yarmouth is $369,900.
The median income in Yarmouth is $71,667.
Table Of Contents
Yarmouth's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Yarmouth, ME?
According to the most recent data on the cost of living, Yarmouth has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Maine, Yarmouth has a cost of living index that's 1.1x higher than Maine's index of 112.
The standard of living in Yarmouth ranks as #29 most affordable out of the 29 places we measured in Maine. By definition, that implies Yarmouth ranks as the #0 most expensive place in the Pine Tree State.
For more reading on life in Yarmouth, check out:
- Living In Yarmouth
- Yarmouth Crime Report
- Search Homes For Sale In Yarmouth, ME
In Maine
In America
Yarmouth Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Yarmouth. Here is how it fairs on each of the criteria:
The Services index in Yarmouth is 108.
The Groceries index in Yarmouth is 101.
The Health index in Yarmouth is 115.
The Housing index in Yarmouth is 147.
The Transportation index in Yarmouth is 101.
The Utilities index in Yarmouth is 109.
| Living Expense | Yarmouth | Maine | National Average | |
|---|---|---|---|---|
| Overall | 121 | 112 | 100 | |
| Services | 108 | 114 | 100 | |
| Groceries | 101 | 101 | 100 | |
| Health | 115 | 97 | 100 | |
| Housing | 147 | 120 | 100 | |
| Transportation | 101 | 116 | 100 | |
| Utilities | 109 | 104 | 100 | |
Yarmouth, 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 Yarmouth is $369,900.
The Median Rent in Yarmouth is $1,510.
The Median Income in Yarmouth is $71,667.
The Home Value To Income in Yarmouth is 5.2x.
The Rent To Monthly Income in Yarmouth is 0.25x.
| Statistic | Yarmouth | Maine | United States |
|---|---|---|---|
| Median Home Value | $369,900 | $212,100 | $244,900 |
| Median Rent | $1,510 | $927 | $1,163 |
| Median Income | $71,667 | $63,182 | $69,021 |
| Home Value To Income | 5.2x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Yarmouth, ME Costs By Category
Detailed Yarmouth Services Costs Vs. Maine
Detailed Yarmouth Groceries Costs Vs. Maine
Detailed Yarmouth Health Costs Vs. Maine
Detailed Yarmouth Transportation Costs Vs. Maine
Detailed Yarmouth Utilities Costs Vs. Maine
Yarmouth SnackAbility
/10
Cost Of Living In Cities Around Yarmouth
The cost of living varies in the cities and towns around Yarmouth. 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, 0.9x Yarmouth.
South Portland, ME has a cost of living index of 113, 0.9x Yarmouth.
Westbrook, ME has a cost of living index of 105, 0.9x Yarmouth.
| City | Population | Cost Of Living | Vs. Yarmouth |
|---|---|---|---|
| Portland, ME | 68,063 | 111 | 0.9x |
| South Portland, ME | 26,428 | 113 | 0.9x |
| Westbrook, ME | 20,074 | 105 | 0.9x |
| Brunswick, ME | 16,554 | 103 | 0.9x |
| Bath, ME | 8,718 | 102 | 0.8x |
| Gorham, ME | 7,378 | 112 | 0.9x |
| Topsham, ME | 6,854 | 109 | 0.9x |
