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.
A general overview of the cost of living index for Rumford, ME is displayed above. In Rumford, ME, the overall cost of living index is 90, which is 13% lower than the Maine average and 10% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Rumford, ME, the city's goods and services are equal to the Maine average and 10% higher than the U.S. average.
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The cost of living in Rumford is 13% lower than the Maine average.
The cost of living in Rumford is 10% lower than the national average.
The cost of housing in Rumford is 54% 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 Rumford, 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
Use the salary calculator to compare your current salary in Rumford, ME to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Rumford, ME, then you would need to earn more income in order to maintain the same standard of living. To use the Rumford, ME salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Rumford, ME by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Rumford, ME have a median income of $33,971. Therefore, the amount that a consumer should spend on housing costs should be no more than $793 per month to avoid calamity and poverty. The renters in the city have an income of about $12,097, which would make their monthly maximum allowable rental costs $282.
Maine Sales Tax
General Sales Tax
With Max Surtax
Maine Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Rumford, ME, the Maine income tax and the Maine sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Maine maximum surtax is 5.5%, and the Maine sales tax is 5.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.8% to 7.15% in Maine.
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.