Topsham 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.
IndexTopshamMaineNational
Cost of living index109104100
IndexTopshamMaineNational
Goods & Services index110110100
Groceries index104104100
Health care index108108100
Housing index11094100
Transportation index110110100
Utilities index106106100
Displayed above is a general overview of the Topsham, ME cost of living index. The overall cost of living index in Topsham, ME is 109, which is 4% higher than the Maine average and 9% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Topsham, ME are equal to the Maine average and 10% higher than the national average.

Did you know?

  • The cost of living in Topsham is 4% higher than the Maine average.
  • The cost of living in Topsham is 9% higher than the national average.
  • The cost of housing in Topsham is 10% 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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Salary Calculator

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Use the salary calculator to compare your current income in Topsham, ME to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Topsham, ME, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Topsham, ME salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,471$5,956$1,668$2,144
Renters$20,875$1,740$487$626
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Topsham, 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 Topsham, ME homeowners, is $71,471. This would allow for a maximum of $1,668 per month to be spent on housing costs. For renters, the median monthly income is $20,875 which would result in a maximum of $487 to be spent on rental 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%
When considering the overall cost of living expenses in Topsham, 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

ItemTopshamNational avg.Difference
Haircut $18.72$15.5620.3%
Beauty Salon $39.36$36.119.0%
Toothpaste $4.35$2.4775.9%
Shampoo $0.98$0.961.2%
Movie $9.50$10.136.2%
Bowling $4.75$4.740.3%

Groceries

ItemTopshamNational avg.Difference
Ground Beef $4.69$3.9817.7%
Fried Chicken $1.56$1.4110.6%
Milk $2.21$2.066.9%
Potatoes $3.74$2.9825.5%
Pizza $8.96$9.475.4%
Beer $9.99$8.7913.6%

Health Care

ItemTopshamNational avg.Difference
Optometrist $130.33$101.0429.0%
Doctor $130.00$107.4421.0%
Dentist $94.44$90.424.5%
Ibuprofen $9.66$9.284.1%
Lipitor $394.99$426.507.4%

Housing

ItemTopshamNational avg.Difference
Home Price $211,000.00$175,700.0020.1%
Avg. Mortgage Payment $1,320.58$1,133.2316.5%
Apartment Rent $790.00$920.0014.1%

Transportation

ItemTopshamNational avg.Difference
Gasoline $2.01$1.990.9%
Tire Balancing $58.93$45.7628.8%

Utilities

ItemTopshamNational avg.Difference
All Electricity$196.33$163.8119.9%
Phone $24.69$28.3913.0%
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, StatePopulationCost of Living IndexNational Avg.
Lisbon Falls, ME4,13599-1%
Lewiston, ME36,4101000%
Auburn, ME22,9601011%
Richmond, ME2,0341011%
Bath, ME8,3961033%
Topsham, ME6,2281099%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Castroville, CA6,22612828%
Monument, CO6,22611717%
Taylor, PA6,23091-9%
East Alton, IL6,23186-14%
Piedmont, OK6,23297-3%
Topsham, ME6,2281099%
Source: The Topsham, ME cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.