Counties › Maine

Cost of Living in Somerset County, ME

Population 50,959 · Census ACS 2020–2024 5-year estimates

Median rent$910
Median home value$166,900
Median household income$58,179

The median rent in Somerset County, ME is $910/month, 20% lower than the Maine median and 36% lower than the U.S. median. The median home value is $166,900, 50% lower than the national median. Households earn a median of $58,179 a year, 22% lower than the state median.

Affordability

Rent as a share of median income: 18.8%
Income needed for median rent (30% rule): $36,400/yr
Home price-to-income ratio: 2.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $844/mo

Run your own numbers: mortgage calculator · hourly to salary

Somerset County vs. Maine vs. U.S.

Somerset CountyMaineU.S.
Median rent$910$1,139$1,413
Median home value$166,900$296,600$332,700
Median household income$58,179$74,733$80,734
Homeownership rate77.4%74.3%65.2%
Bachelor's degree or higher21.1%36.2%35.7%
Poverty rate14.2%10.7%12.5%
Unemployment rate3.5%3.8%5.2%
Work from home11.0%15.9%15.1%
Median age47.044.838.9

FAQ

What is the average rent in Somerset County, ME?

The median gross rent in Somerset County, ME is $910 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Somerset County, ME?

Using the common 30% rule, renting a median-priced home takes about $36,400 a year in gross income.

Is Somerset County, ME expensive to live in?

Rent there is 36% lower than the U.S. median, and the median home costs about 2.9 times the median household income.

Other counties in Maine

Cumberland County, MERent $1,589 · Income $95,677York County, MERent $1,339 · Income $88,333Penobscot County, MERent $1,041 · Income $66,356Kennebec County, MERent $992 · Income $69,077Androscoggin County, MERent $1,010 · Income $67,873Aroostook County, MERent $784 · Income $56,700

Counties with a similar cost of living

Pearl River County, MSRent $906 · Income $58,135Delaware County, INRent $906 · Income $58,127Titus County, TXRent $907 · Income $58,425Cleveland County, NCRent $914 · Income $58,534Greene County, ARRent $904 · Income $57,839Polk County, GARent $918 · Income $58,515

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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