ME · Rank 48 of 50 affordable
Can teachers afford to live in Maine?
Tight, but workable.
The average Maine teacher earns $65,621 per year. A typical 2-bedroom rents for about $1,921/mo, which is 35% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$65,621
Cost-of-Living Index
113
US avg = 100
Affordability Score
33/100
Renting in Maine
2BR Rent / mo
$1,921
Annual Rent
$23,052
% of Salary
35%
Left after rent
$3,547/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Maine
Median Home Price
$474,600
10% Down
$47,460
P&I (7%, 30yr)
$2,842/mo
Full PITI
$3,415/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.