Bangor, ME

Very Low · 70

Maine · Population 31,663 · Updated March 2026

$1,019
Median Rent / Month
$58,096
Median Income
$206,300
Median Home Value
$1,068
Owner Costs / Month

Affordability

How far your income goes in Bangor

21.0%
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

$12,228
Annual Rent
$4,154
State Income Tax
$2,682
Property Tax (est.)

Cost of Living Overview

Bangor is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 70 (where 100 equals the national median), Bangor residents can expect to pay median rent of $1,019/month while earning a median household income of $58,096/year.

The median home value in Bangor, ME is $206,300, with typical monthly owner costs around $1,068 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 Bangor.

Frequently Asked Questions

Common questions about living costs in Bangor

What is the cost of living in Bangor, ME?
The cost of living index in Bangor, ME is 70 (US average = 100). Median monthly rent is $1,019, median household income is $58,096/year, and the median home value is $206,300.
Is Bangor, ME affordable?
Yes, Bangor is more affordable than the national average with a cost index of 70. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bangor, ME?
The median gross rent in Bangor, ME is $1,019 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,228.
What is the median household income in Bangor?
The median household income in Bangor, ME is $58,096 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%.