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11 Things You Should Know About Living in Portland, Maine

A recent report from Redfin showed that 14.9% of movers leaving Boston, Mass. were heading to Portland in January and February of 2021. With the added push of COVID-19, which allowed millions to work from home, competition for new and existing lots in Portland skyrocketed. The fair market rent in Boston for a one bedroom is $1,924. In Portland, fair market rent is $1,229, according to Rentdata.org. If you’ve got your mind set on the city center, the average price will be around 1300$.

While this assessment should give a good detailed idea about the advantages and disadvantages of living in Portland, it might not incorporate all areas that might appeal to some people. The average size for a Portland, ME apartment is 692 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, what does 300 grams of protein look like 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. The average rent for an apartment in Portland is $1,651. The cost of rent varies depending on several factors, including location, size, and quality. Portland is a decidedly white-collar city, with fully 87.54% of the workforce employed in white-collar jobs, well above the national average.

First, let’s tackle the elephant in the room – where would you live? The first thing you need to understand is what drives the price. A vet visit only costs $55 even in Portland, one of the more expensive cities.

Maine also has the lowest crime rate of any state, so you’ll feel safe living there. The only real downside of the Pine Tree State is that it’s the sixth most expensive place to live in the country. For families with children, child care adds thousands of dollars to overall annual spending.

Although the cost of living in Maine is higher than the national average, it’s still one of the cheapest states in New England. So if you love quaint coastal towns but can’t afford Massachusetts or Connecticut, Maine may be an excellent choice for you. Looks for areas of Portland, Maine where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat.

According to data from the Maine Housing Authority, the rent for a two-bedroom would be about $1600/mo. Based on what I’ve heard on the street (I’m writing this in May 2018), that sounds about right. You can see how your job and your salary will be impacted by a change of location. Few expenses vary as much from city to city and town to town as taxes. In Portland, a single adult spends an average of $3,753 on food annually, and a family of four spends $10,837 on average.