Cost Of Living In Lisbon Falls, ME

Lisbon Falls 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.
Index	Lisbon Falls	Maine	National
Cost of living index	99	104	100
Index	Lisbon Falls	Maine	National
Goods & Services index	110	110	100
Groceries index	104	104	100
Health care index	108	108	100
Housing index	78	94	100
Transportation index	110	110	100
Utilities index	106	106	100

An overview of the general cost of living index for Lisbon Falls, ME is displayed above for your reference. Residents in Lisbon Falls, ME enjoy a cost of living index of 99. This index is 5% lower than the Maine average, and 1% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lisbon Falls, ME, the average cost of goods and services is equal to it is in Maine, and it is 10% higher than the national average.

Did you know?

The cost of living in Lisbon Falls is 5% lower than the Maine average.
The cost of living in Lisbon Falls is 1% lower than the national average.
The cost of housing in Lisbon Falls is 22% lower 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Lisbon Falls, 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 Lisbon Falls, ME, you have to earn a higher income in order to still have the same standard of living. To operate the Lisbon Falls, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,197	$5,433	$1,521	$1,956
Renters	$33,000	$2,750	$770	$990

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lisbon Falls, ME as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lisbon Falls, ME homeowners, is $65,197. This would allow for a maximum of $1,521 per month to be spent on housing costs. For renters, the median monthly income is $33,000 which would result in a maximum of $770 to be spent on rental costs.

Maine Sales Tax

State	General Sales Tax	With Max Surtax
Maine	5.5%	5.5%

Maine Income Tax

State	Income Tax (Low)	Income Tax (High)
Maine	0%	7.95%

The Maine sales tax and Maine income tax rates should definitely be considered when determining the overall cost of living in Lisbon Falls, ME. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maine sales tax is 5.5% and the maximum surtax is 5.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maine income tax rates range from 0% to 7.95%.

Goods & Services

Item	Lisbon Falls	National avg.	Difference
Haircut	$18.72	$15.56	20.3%
Beauty Salon	$39.36	$36.11	9.0%
Toothpaste	$4.35	$2.47	75.9%
Shampoo	$0.98	$0.96	1.2%
Movie	$9.50	$10.13	6.2%
Bowling	$4.75	$4.74	0.3%

Groceries

Item	Lisbon Falls	National avg.	Difference
Ground Beef	$4.69	$3.98	17.7%
Fried Chicken	$1.56	$1.41	10.6%
Milk	$2.21	$2.06	6.9%
Potatoes	$3.74	$2.98	25.5%
Pizza	$8.96	$9.47	5.4%
Beer	$9.99	$8.79	13.6%

Health Care

Item	Lisbon Falls	National avg.	Difference
Optometrist	$130.33	$101.04	29.0%
Doctor	$130.00	$107.44	21.0%
Dentist	$94.44	$90.42	4.5%
Ibuprofen	$9.66	$9.28	4.1%
Lipitor	$394.99	$426.50	7.4%

Housing

Item	Lisbon Falls	National avg.	Difference
Home Price	$138,500.00	$175,700.00	21.2%
Avg. Mortgage Payment	$1,320.58	$1,133.23	16.5%
Apartment Rent	$700.00	$920.00	23.9%

Transportation

Item	Lisbon Falls	National avg.	Difference
Gasoline	$2.01	$1.99	0.9%
Tire Balancing	$58.93	$45.76	28.8%

Utilities

Item	Lisbon Falls	National avg.	Difference
All Electricity	$196.33	$163.81	19.9%
Phone	$24.69	$28.39	13.0%

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, State	Population	Cost of Living Index	National Avg.
Lewiston, ME	36,410	100	0%
Auburn, ME	22,960	101	1%
Richmond, ME	2,034	101	1%
Bath, ME	8,396	103	3%
Brunswick, ME	15,275	108	8%
Lisbon Falls, ME	4,135	99	-1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Thomasville, AL	4,136	88	-12%
North Sea, NY	4,134	191	91%
Prairie du Sac, WI	4,137	105	5%
Metter, GA	4,137	79	-21%
North Great River, NY	4,133	147	47%
Lisbon Falls, ME	4,135	99	-1%

Source: The Lisbon Falls, ME cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Lisbon Falls, ME Cost of Living