Gorham, ME Cost Of Living
Cost Of Living In Gorham, ME Summary
Cost of living in Gorham research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Gorham is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maine, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Gorham is 112, with 100 being the average.
The cost of living index in Gorham is 1.1x higher than the national average.
Gorham ranks as the #25 cheapest in Maine out of 29.
Gorham ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Gorham is $318,800.
The median income in Gorham is $85,179.
Table Of Contents
Gorham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gorham, ME?
According to the most recent data on the cost of living, Gorham has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Maine, Gorham has a cost of living index that's 1.0x lower than Maine's index of 112.
The standard of living in Gorham ranks as #25 most affordable out of the 29 places we measured in Maine. By definition, that implies Gorham ranks as the #4 most expensive place in the Pine Tree State.
For more reading on life in Gorham, check out:
- Living In Gorham
- Gorham Crime Report
- Search Homes For Sale In Gorham, ME
In Maine
In America
Gorham Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Gorham. Here is how it fairs on each of the criteria:
The Services index in Gorham is 111.
The Groceries index in Gorham is 100.
The Health index in Gorham is 113.
The Housing index in Gorham is 118.
The Transportation index in Gorham is 100.
The Utilities index in Gorham is 106.
| Living Expense | Gorham | Maine | National Average | |
|---|---|---|---|---|
| Overall | 112 | 112 | 100 | |
| Services | 111 | 114 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 113 | 97 | 100 | |
| Housing | 118 | 120 | 100 | |
| Transportation | 100 | 116 | 100 | |
| Utilities | 106 | 104 | 100 | |
Gorham, ME Housing Cost Breakdown
Housing swings affordability the most between places in Maine, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Gorham is $318,800.
The Median Rent in Gorham is $1,118.
The Median Income in Gorham is $85,179.
The Home Value To Income in Gorham is 3.7x.
The Rent To Monthly Income in Gorham is 0.16x.
| Statistic | Gorham | Maine | United States |
|---|---|---|---|
| Median Home Value | $318,800 | $212,100 | $244,900 |
| Median Rent | $1,118 | $927 | $1,163 |
| Median Income | $85,179 | $63,182 | $69,021 |
| Home Value To Income | 3.7x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Gorham, ME Costs By Category
Detailed Gorham Services Costs Vs. Maine
Detailed Gorham Groceries Costs Vs. Maine
Detailed Gorham Health Costs Vs. Maine
Detailed Gorham Transportation Costs Vs. Maine
Detailed Gorham Utilities Costs Vs. Maine
Gorham SnackAbility
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Cost Of Living In Cities Around Gorham
The cost of living varies in the cities and towns around Gorham. Here's a quick look at the cost of living in the most populous nearby places:
Portland, ME has a cost of living index of 111, 1.0x Gorham.
South Portland, ME has a cost of living index of 113, 1.0x Gorham.
Saco, ME has a cost of living index of 109, 1.0x Gorham.
| City | Population | Cost Of Living | Vs. Gorham |
|---|---|---|---|
| Portland, ME | 68,063 | 111 | 1.0x |
| South Portland, ME | 26,428 | 113 | 1.0x |
| Saco, ME | 20,203 | 109 | 1.0x |
| Westbrook, ME | 20,074 | 105 | 0.9x |
| Old Orchard Beach, ME | 8,954 | 106 | 0.9x |
| Yarmouth, ME | 6,043 | 121 | 1.1x |
| North Windham, ME | 5,395 | 108 | 1.0x |
