ME · Rank 49 of 50 affordable
Can teachers afford to live in Maine?
Barely — housing eats too much.
The average Maine teacher earns $56,500 per year. A typical 2-bedroom rents for about $1,972/mo, which is 42% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$56,500
Cost-of-Living Index
116
US avg = 100
Affordability Score
10/100
Renting in Maine
2BR Rent / mo
$1,972
Annual Rent
$23,664
% of Salary
42%
Left after rent
$2,736/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Maine
Median Home Price
$487,200
10% Down
$48,720
P&I (7%, 30yr)
$2,917/mo
Full PITI
$3,506/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.