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Maine Mortgage Payment Calculator โ€” Updated 2026

State abbreviation: ME

In Maine, the median home price is $345,000 as of 2026. Property taxes run at 1.36% of home value annually, and homeowners insurance averages $1320/year. The state income tax rate is 5.8%, which affects your ability to itemize deductions on mortgage interest. The cost of living index in Maine is 106 (100 = national average).

Maine Financial Data (2026)

State Tax Rate
5.8%
Property Tax Rate
1.36%
Median Home Price
$345,000
Avg Insurance Cost
$1,320/year
Cost of Living Index
106
State Abbreviation
ME