Moving to Maine? Relocation Guide for 2021

Moving to Maine could mean renting a home. Up to 21.8% of Maine residents are renters and renting a home in the state could be a good idea. About 1.6% of homes and apartments in Maine are open to rent.

What’s the median monthly rental cost in Maine?

The following are the average costs of renting a home or apartment in Maine:

• Average cost of a studio apartment in Maine is $754
• Average cost of a 1-bedroom home or apartment in Maine is $801
• Average cost of a 2-bedroom home or apartment in Maine is $1006
• Average cost of a 3-bedroom home or apartment in Maine is $1,309
• Average cost of a 4 -bedroom home or apartment in Maine is $1500

Buying a home is a good option if you’re moving to Maine. Here’s a simple breakdown of the state’s housing market to give you an idea of what to expect:

• The median home value in Maine is $269,753
• Home values in Maine has increased by 10.5% over the past year
• Experts predicts a 10.9% rise in the value of homes in Maine next year
• 78.2% of Maine residents are homeowners

Maine is home to several large industries powering the state’s economy. Since you’re considering moving to Maine, we’ve listed the top six industries in the state:

• Agriculture
• Fisheries
• Shipbuilding
• Healthcare
• Tourism
• Mining

As some industries grow rapidly than others, some talents and skills are in higher demand than others. Since you’re considering moving to Maine, take a look at the fastest growing jobs in the state to give you an idea of how to position your skills if you’re job hunting.

In Maine, the average annual pay for an average job is $58,015 a year. If you’re considering moving to Maine, here’s a simple analysis of the average pay in the state for hourly jobs:

• The average hourly pay for jobs in Maine is $27.89 an hour
• The average weekly pay for a job in Maine is $1,116 a week
• The average monthly pay for an average hourly job in Maine is $4,835 per month
• Top earners (90th percentile) make an average of $82,658 annually in Maine
• Annual salaries in Maine can be as high as $124,905 and as low as $18,828

Maine’s unemployment rate is 2.4%. The United States average is 3.7%. This means that the unemployment rate in Maine is way below the national average.

• Over the past year, jobs in Maine have increased by 0.6%
• Job growth has been generally positive in Maine
• Future job growth over the next 10 years is 33.7%. U.S. average is 33.5%

Moving to Maine could mean starting a new job. If you’re considering working for some of the biggest companies in the state, check out this list of the ten biggest employers in Maine:

How much will you be paying in taxes if you move to Maine? You can compare taxes in Maine with the ones in your current state to know if taxes in Maine are better or not. Here are key stats about Maine taxes to give you a head start:

• Property tax rates in Maine are well above the U.S. average.
• Maine’s average effective property tax rate is 1.30%. The U.S. average is 1.07%.
• The average Maine resident pay $2,597 a year in property taxes
• Maine’s income tax ranges from 5.80% - 7.15%
• Sales tax in Maine is 5.50%
• Maine’s gas tax is 30 cents per gallon of regular gasoline
• Maine’s gas tax is 31.2 cents per gallon of diesel