Old Orchard Beach 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.
IndexOld Orchard BeachMaineNational
Cost of living index110107100
IndexOld Orchard BeachMaineNational
Goods & Services index111111100
Groceries index101101100
Health care index113113100
Housing index10394100
Transportation index129129100
Utilities index119119100
A general summary of the cost of living index in Old Orchard Beach, ME is shown above. Compared to the state average of Maine the cost of living index in Old Orchard Beach, ME is 110, which is 2% higher than the average in Maine and compared to the national average it is 10% 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 Old Orchard Beach, 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 Old Orchard Beach is 2% higher than the Maine average.
  • The cost of living in Old Orchard Beach is 10% higher than the national average.
  • The cost of housing in Old Orchard Beach is 3% 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 Old Orchard Beach, ME Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Old Orchard Beach, ME would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Old Orchard Beach, ME, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Old Orchard Beach, ME salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,486$3,957$1,108$1,425
Renters$34,424$2,869$803$1,033
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Old Orchard Beach, ME, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Old Orchard Beach, ME homeowners have a median income of $47,486. Using that number, you will come up with a maximum of $1,108 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $34,424, which means there is a maximum of $803 to be spent on the costs of renting a home or apartment.

Maine Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maine5.5%5.5%

Maine Income Tax

StateIncome Tax (Low)Income Tax (High)
Maine0%7.95%
When considering the overall cost of living expenses in Old Orchard Beach, ME, it's important to take into account the sales tax for Maine, as well as the rate for income tax in Maine. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Maine is 5.5%, and the sales tax in the state of Maine is 5.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Maine starts from 0% and goes up to 7.95%.

Goods & Services

ItemOld Orchard BeachNational 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

ItemOld Orchard BeachNational 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

ItemOld Orchard BeachNational 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

ItemOld Orchard BeachNational avg.Difference
Home Price $191,500.00$175,700.009.0%
Avg. Mortgage Payment $1,251.28$1,081.0315.7%
Apartment Rent $820.00$920.0010.9%

Transportation

ItemOld Orchard BeachNational avg.Difference
Gasoline $2.71$2.0929.5%
Tire Balancing $58.40$45.2929.0%

Utilities

ItemOld Orchard BeachNational 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%
Westbrook, ME17,66211111%
Biddeford, ME21,30311313%
South Portland, ME25,15411616%
Old Orchard Beach, ME8,67911010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Pleasant, IA8,68284-16%
Riverside, CT8,682223123%
Bay Minette, AL8,68288-12%
Box Elder, SD8,68390-10%
Clanton, AL8,67286-14%
Old Orchard Beach, ME8,67911010%
Source: The Old Orchard Beach, ME cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.