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.
Displayed above is a general overview of the Augusta, ME cost of living index. The overall cost of living index in Augusta, ME is 98, which is 5% lower than the Maine average and 2% lower 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 Augusta, ME are equal to the Maine average and 10% higher than the national average.
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The cost of living in Augusta is 5% lower than the Maine average.
The cost of living in Augusta is 2% lower than the national average.
The cost of housing in Augusta is 26% lower than the national average.
Maine general sales tax is 8% higher than the national average.
Maine state income tax is 161% higher than the national average.
Compare Augusta, ME Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is meant to help you compare your salary in Augusta, ME to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Augusta, ME, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Augusta, ME salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Augusta, 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 Augusta, ME homeowners, is $59,065. This would allow for a maximum of $1,378 per month to be spent on housing costs. For renters, the median monthly income is $26,138 which would result in a maximum of $610 to be spent on rental costs.
Maine Sales Tax
General Sales Tax
With Max Surtax
Maine Income Tax
Income Tax (Low)
Income Tax (High)
For those who live in Augusta, ME and want to know what the true cost of living is, they ought to look at both the Maine income tax rate and the Maine sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maine, the sales tax is 5.5%, while the most you'll pay in surtax is 5.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maine, the income tax rate ranges between 5.8% to 7.15%.
Goods & Services
Avg. Mortgage Payment
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.