Saco, ME

Average · 103

Maine · Population 20,636 · Updated March 2026

$1,268
Median Rent / Month
$84,328
Median Income
$370,300
Median Home Value
$1,492
Owner Costs / Month

Affordability

How far your income goes in Saco

18.0%
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

$15,216
Annual Rent
$6,029
State Income Tax
$4,814
Property Tax (est.)

Cost of Living Overview

Saco has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Saco residents can expect to pay median rent of $1,268/month while earning a median household income of $84,328/year.

The median home value in Saco, ME is $370,300, with typical monthly owner costs around $1,492 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.0% 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 Saco.

Frequently Asked Questions

Common questions about living costs in Saco

What is the cost of living in Saco, ME?
The cost of living index in Saco, ME is 103 (US average = 100). Median monthly rent is $1,268, median household income is $84,328/year, and the median home value is $370,300.
Is Saco, ME affordable?
No, Saco is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 18.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Saco, ME?
The median gross rent in Saco, ME is $1,268 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,216.
What is the median household income in Saco?
The median household income in Saco, ME is $84,328 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%.