Maine Rent vs Buy Calculator โ Updated 2026
State abbreviation: ME
In Maine, the median home price is $345,000, and property taxes are 1.36% annually. Homeowners insurance averages $1320/year. Use this calculator to compare the long-term costs of renting versus buying given Maine's specific market conditions and tax environment.
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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