Cost of Living in Saco, ME
Population 20,819 · Census ACS 2020–2024 5-year estimates
The median rent in Saco, ME is $1,249/month, 10% higher than the Maine median and 12% lower than the U.S. median. The median home value is $413,100, 24% higher than the national median. Households earn a median of $92,241 a year, 23% higher than the state median.
Affordability
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Saco vs. Maine vs. U.S.
| Saco | Maine | U.S. | |
|---|---|---|---|
| Median rent | $1,249 | $1,139 | $1,413 |
| Median home value | $413,100 | $296,600 | $332,700 |
| Median household income | $92,241 | $74,733 | $80,734 |
| Homeownership rate | 72.8% | 74.3% | 65.2% |
| Bachelor's degree or higher | 43.5% | 36.2% | 35.7% |
| Poverty rate | 6.4% | 10.7% | 12.5% |
| Unemployment rate | 2.1% | 3.8% | 5.2% |
| Work from home | 19.0% | 15.9% | 15.1% |
| Median age | 44.9 | 44.8 | 38.9 |
FAQ
What is the average rent in Saco, ME?
The median gross rent in Saco, ME is $1,249 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Saco, ME?
Using the common 30% rule, renting a median-priced home takes about $49,960 a year in gross income.
Is Saco, ME expensive to live in?
Rent there is 12% lower than the U.S. median, and the median home costs about 4.5 times the median household income.
Other cities in Maine
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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