Retirement Savings Calculator for Portland, ME
Updated 2026 · Local data pre-filled
The median household income in Portland is $72,600. With a cost of living index of 119, your retirement needs will be higher than average. Planners generally recommend saving 10–15% of income; at Portland's median income that's $8,712–$10,890 per year.
✓ Calculator below is pre-filled with Portland local data
How Portland Compares to the National Average
Understanding how Portland stacks up helps you calibrate your financial planning.
| Metric | Portland, ME | US Average | Difference |
|---|---|---|---|
| Median Home Price | $480,000 | $420,800 | +14.1% |
| Median Monthly Rent | $1,850 | $1,713 | +8.0% |
| Median Household Income | $72,600 | $74,580 | -2.7% |
| Property Tax Rate | 1.10% | 1.10% | +0.0% |
| Cost of Living Index | 119 | 100 | +19.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Portland Financial Snapshot
- Population (Metro)
- 550,000
- Unemployment
- 3.0%
- Avg Commute
- 22 min
- Median Age
- 40.4
- Price-to-Rent Ratio
- 21.6x
- Annual Property Tax
- $5,280
Frequently Asked Questions — Portland
What is the median home price in Portland, ME?
The median home price in Portland is $480,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Portland?
Median monthly rent in Portland is $1,850. That works out to $22,200/year, or 31% of the median household income — above the recommended 30% threshold.
Is Portland affordable?
Portland's cost of living index is 119 vs. the national average of 100. With a median household income of $72,600/year and a median home price of $480,000, the price-to-income ratio is 6.6x. This makes homeownership a significant stretch for the typical Portland household.
What is the property tax rate in Portland?
The effective property tax rate in Portland is 1.10% of assessed value. On the median home of $480,000, that's roughly $5,280/year ($440/month).