Cost Of Living in Hampden, ME

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C+

7%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

8%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Hampden	Maine	National
Cost of living	107	102	100
Goods & Services	109	109	100
Groceries	102	102	100
Health care	103	103	100
Housing	108	92	100
Transportation	109	109	100
Utilities	107	107	100

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Cost Of Living Quick Facts

The cost of living in Hampden is 5% higher than the Maine average
The cost of living in Hampden is 7% higher than the national average
Hampden housing is 8% higher than the national average
Maine general sales tax is 8% higher than the national average
Maine state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$100,465	$8,372	$2,344	$3,014
Renters	$43,431	$3,619	$1,013	$1,303

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Hampden, ME, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Hampden, homeowners have a median income of $100,465. Using that number, a maximum of $2,344 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $43,431, which means there is a maximum of $1,013 to be spent on the costs of renting a home or apartment.

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	5.8%	7.15%

Goods & Services

Item	Hampden	National avg.	Difference
Haircut	$28.67	$24.26	18.2%
Beauty Salon	$53.03	$45.56	16.4%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.17	$1.28	8.9%
Movie	$13.07	$12.13	7.7%
Bowling	$17.76	$18.00	1.4%

Groceries

Item	Hampden	National avg.	Difference
Ground Beef	$5.41	$5.84	7.3%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.75	$4.67	1.7%
Potatoes	$5.00	$4.93	1.3%
Pizza	$11.93	$12.09	1.3%
Beer	$10.22	$10.41	1.9%

Health Care

Item	Hampden	National avg.	Difference
Optometrist	$170.67	$125.68	35.8%
Doctor	$146.50	$135.78	7.9%
Dentist	$119.58	$113.29	5.6%
Ibuprofen	$10.72	$10.65	0.7%
Lipitor	$372.90	$468.60	20.4%

Housing

Item	Hampden	National avg.	Difference
Home Price	$211,100.00	$184,700.00	14.3%
Avg. Mortgage Payment	$2,456.69	$2,346.69	4.7%
Apartment Rent	$870.00	$949.00	8.3%

Transportation

Item	Hampden	National avg.	Difference
Gasoline	$3.52	$3.46	1.7%
Tire Balancing	$76.01	$59.92	26.8%

Utilities

Item	Hampden	National avg.	Difference
All Electricity	$218.65	$193.99	12.7%
Phone	$185.73	$192.25	3.4%

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	Population	Cost of Living Index	National Avg.
Bucksport, ME	2,879	96	4.3%
Milford, ME	2,356	96	3.6%
Old Town, ME	7,453	98	2.3%
Bangor, ME	32,029	101	0.5%
Winterport, ME	1,450	102	1.5%
Hampden, ME	4,373	107	7.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Barnwell, SC	4,373	82	18.3%
Okauchee Lake, WI	4,373	126	26.3%
La Joya, TX	4,374	80	20.3%
North Terre Haute, IN	4,371	89	11.2%
Isle of Palms, SC	4,371	182	82.2%
Hampden, ME	4,373	107	7.2%