Cost of living
Cape Elizabeth, Maine
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Cape Elizabeth, ME is #28 on the list Top 100 Most Educated Cities in America in 2023, #15 on the list Top 100 Best Places to Raise a Family in the Northeast in 2023, #92 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2022, #20 on the list Top 100 Best Places to Raise a Family in the Northeast in 2022
Cost of living in Cape Elizabeth, Maine
Cost of living compared to USAthe highest
Cost of living compared to Mainethe highest
Median household incomethe highest
Is it expensive to live in Cape Elizabeth, Maine? When calculating the cost of living in Cape Elizabeth, Maine we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Cape Elizabeth, Maine is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maine, while median household income in Cape Elizabeth is $127,363 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maine.
Taxes in Cape Elizabeth, Maine
The sales tax rate in Cape Elizabeth, Maine is 5.5%. Last year, the average property taxes paid was 1.4% Cape Elizabeth, Maine.
Here is the table with the State Income Taxes in the state of Maine:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Maine Income Tax Rate |
|---|---|---|
| $0 | $23,000 | 5.8% |
| $23,000 | $54,450 | 6.75% |
| $54,450 | $9,999,999 | 7.15% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Maine Income Tax Rate |
|---|---|---|
| $0 | $46,000 | 5.8% |
| $46,000 | $108,900 | 6.75% |
| $108,900 | $9,999,999 | 7.15% |
Housing costs in Cape Elizabeth, Maine
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Mainethe highest
In Cape Elizabeth, Maine, 90.0% of the population owns their homes, while approximately 10.0% rent. The average cost of a single-family home in Cape Elizabeth, Maine in 2022 is $538,119 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maine. The average one-bedroom apartment cost is approximately $1,604 per month.
| Rental Size | Monthly Cost | Compared to Maine |
|---|---|---|
| 1 Bedroom | $1,604 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $2,059 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,594 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $3,029 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
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