Gorham cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGorhamMaineNational
Cost of living index117107100
IndexGorhamMaineNational
Goods & Services index111111100
Groceries index101101100
Health care index113113100
Housing index12594100
Transportation index129129100
Utilities index119119100
A general summary of the cost of living index in Gorham, ME is shown above. Compared to the state average of Maine the cost of living index in Gorham, ME is 117, which is 8% higher than the average in Maine and compared to the national average it is 17% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Gorham, ME goods and services come in at equal to the average in Maine and are 11% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Gorham is 8% higher than the Maine average.
  • The cost of living in Gorham is 17% higher than the national average.
  • The cost of housing in Gorham is 25% higher than the national average.
  • Maine general sales tax is 8% higher than the national average.
  • Maine state income tax is 100% lower than the national average.

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Compare Gorham, ME Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Gorham, ME to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Gorham, ME, you have to earn a higher income in order to still have the same standard of living. To operate the Gorham, ME salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$78,809$6,567$1,839$2,365
Renters$30,064$2,505$701$902
The affordability of the housing market in Gorham, ME as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gorham, ME homeowners, the median income is $78,809. This indicates that a monthly maximum of $1,839 should be spent by homeowners on all housing related costs. Renters have a median income of $30,064. This indicates that renters should have a maximum of $701 used for their rent related monthly costs.

Maine Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maine5.5%5.5%

Maine Income Tax

StateIncome Tax (Low)Income Tax (High)
Maine0%7.95%
One thing to keep in mind when considering the cost of living in Gorham, ME is the Maine sales tax and Maine income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Maine sales tax rate is 5.5% and the maximum surtax that can be charged is 5.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Maine income tax rates range from 0% to 7.95%.

Goods & Services

ItemGorhamNational avg.Difference
Haircut $15.62$14.597.0%
Beauty Salon $38.07$34.689.8%
Toothpaste $2.50$2.471.1%
Shampoo $0.99$1.023.1%
Movie $10.12$9.872.6%
Bowling $4.76$4.398.4%

Groceries

ItemGorhamNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.19$2.367.1%
Potatoes $3.32$3.068.4%
Pizza $8.68$9.246.1%
Beer $8.99$8.634.1%

Health Care

ItemGorhamNational avg.Difference
Optometrist $142.33$99.7842.6%
Doctor $121.42$105.0315.6%
Dentist $104.81$88.7018.2%
Ibuprofen $8.99$9.414.5%
Lipitor $293.43$298.501.7%

Housing

ItemGorhamNational avg.Difference
Home Price $237,900.00$175,700.0035.4%
Avg. Mortgage Payment $1,251.28$1,081.0315.7%
Apartment Rent $917.00$920.000.3%

Transportation

ItemGorhamNational avg.Difference
Gasoline $2.71$2.0929.5%
Tire Balancing $58.40$45.2929.0%

Utilities

ItemGorhamNational avg.Difference
All Electricity$242.75$170.8042.1%
Phone $24.69$28.2612.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
South Windham, ME1,1901044%
Little Falls, ME4081077%
Steep Falls, ME1,2451099%
Old Orchard Beach, ME8,67911010%
Westbrook, ME17,66211111%
Gorham, ME6,59611717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Samoset, FL6,59789-11%
Yorketown, NJ6,59814444%
Horseheads, NY6,59392-8%
Fircrest, WA6,59211919%
Canton, NY6,6001044%
Gorham, ME6,59611717%
Source: The Gorham, ME cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.