Augusta, ME

Very Low · 63

Maine · Population 18,999 · Updated March 2026

$887
Median Rent / Month
$48,756
Median Income
$188,900
Median Home Value
$949
Owner Costs / Month

Affordability

How far your income goes in Augusta

21.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Maine

State-level tax rates that affect your costs

7.15%
Income Tax (Top Rate)
5.5%
Sales Tax
1.3%
Property Tax Rate

Estimated Annual Costs

$10,644
Annual Rent
$3,486
State Income Tax
$2,456
Property Tax (est.)

Cost of Living Overview

Augusta is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Augusta residents can expect to pay median rent of $887/month while earning a median household income of $48,756/year.

The median home value in Augusta, ME is $188,900, with typical monthly owner costs around $949 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Maine has a moderate income tax rate of 7.15%. Combined with a 5.5% sales tax rate and 1.3% effective property tax rate, the overall tax environment is a factor in the total cost of living in Augusta.

Frequently Asked Questions

Common questions about living costs in Augusta

What is the cost of living in Augusta, ME?
The cost of living index in Augusta, ME is 63 (US average = 100). Median monthly rent is $887, median household income is $48,756/year, and the median home value is $188,900.
Is Augusta, ME affordable?
Yes, Augusta is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 21.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Augusta, ME?
The median gross rent in Augusta, ME is $887 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,644.
What is the median household income in Augusta?
The median household income in Augusta, ME is $48,756 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maine?
Maine has a top income tax rate of 7.15%, a sales tax of 5.5%, and an effective property tax rate of 1.3%.