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2024 BEA RPP All 4 categories Federal source

Portland-South Portland, ME

Cost-of-living indicators for Portland-South Portland, ME, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 38860 · Data year: 2024 · Rank: #58 of 387

Portland-South Portland, ME has a cost of living index of 101.9, meaning it's 1.9% more expensive than the national average. Goods cost 2.8% less, services 34.6% more, and rents are 5.2% above average. A $100K national salary has the purchasing power of $98,176 here.

What the Numbers Mean for Portland

Portland ranks #58 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 101.9, Portland-South Portland, ME is 1.9% more expensive than the national baseline of 100. The gap between Portland's most and least expensive categories — services at 134.6 versus goods at 97.2 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $98,176 inside Portland, while a household needs roughly $101,858 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 105.2 — 5.2% above the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Portland's overall index has stayed within 0.6 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 97.2 and services at 134.6, meaning everyday spending in Portland is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Portland Cost Index at a Glance

Portland all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg100101.9

Portland category breakdown

BEA RPP composition by goods, services, rents, overall

Rents105.164Services134.591Goods97.171Overall101.858

Price Index Summary

Overall

101.9

+1.9 above avg

Goods

97.2

-2.8 below avg

Services

134.6

+34.6 above avg

Rents

105.2

+5.2 above avg

Price Index vs National Average (100)

Overall
National avg

Index 101.9 (+1.9 vs national avg)

Goods
National avg

Index 97.2 (-2.8 vs national avg)

Services
National avg

Index 134.6 (+34.6 vs national avg)

Rents
National avg

Index 105.2 (+5.2 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Above National Average

Services +34.6% (134.6)
Rents +5.2% (105.2)
Overall +1.9% (101.9)

Below National Average

Goods -2.8% (97.2)

Income Adequacy in Portland

Portland income adequacy score

$75,000 median income vs RPP 101.9

0/100100/10099/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$101,858

in Portland-South Portland, ME purchasing power

$50,000 nationally
$50,929
$75,000 nationally
$76,394
$125,000 nationally
$127,323
$150,000 nationally
$152,787
$200,000 nationally
$203,716

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 0.6 points over this period.

Year Overall
2008 102.5
2009 103.1
2010 100.9
2011 98.6
2012 101.3
2013 103.0
2014 94.5
2015 99.9
2016 102.3
2017 102.2
2018 101.9
2019 97.6
2020 102.6
2021 101.9
2022 104.8
2023 104.4
2024 101.9

Metros with Similar Cost of Living

These metros have an overall RPP closest to Portland-South Portland, ME's index of 101.9.

Related Data for Portland

Frequently Asked Questions

What is the cost of living in Portland-South Portland, ME?
Portland-South Portland, ME has a Regional Price Parity (RPP) index of 101.9, meaning it is 1.9% more expensive than the national average. Goods are indexed at 97.2, services at 134.6, and rents at 105.2. It ranks #58 out of 387 U.S. metro areas by overall cost.
What salary do I need in Portland-South Portland, ME to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $101,858 in Portland-South Portland, ME. Conversely, $100K earned in Portland-South Portland, ME has the purchasing power of $98,176 at the national average.
How expensive is rent in Portland-South Portland, ME?
Rents in Portland-South Portland, ME are indexed at 105.2, which is 5.2% above the national average. This is close to the U.S. average.
Is Portland-South Portland, ME getting more expensive?
From 2008 to 2024, Portland-South Portland, ME's overall cost index changed by -0.6 points (from 102.5 to 101.9). The cost of living has remained relatively stable.
What costs the most in Portland-South Portland, ME?
The most expensive category in Portland-South Portland, ME is services at 134.6, which is 34.6% above the national average. The most affordable category is goods at 97.2, 2.8% below average.
What metros have a similar cost of living to Portland-South Portland, ME?
Metros with the most similar overall cost index include Providence-Warwick, Albany, Hanford-Corcoran. These areas have RPP values within a few points of Portland-South Portland, ME's 101.9.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page