York-Kittery-South Berwick, ME vs Portland, ME
A 2-bedroom in Portland costs $72 less per month than York-Kittery-South Berwick ($2,130 vs $2,202). Median income is $88,602 in York-Kittery-South Berwick and $88,602 in Portland. That's a difference of $864 per year in housing costs.
Side-by-Side Comparison
| Metric | York-Kittery-South Berwick | Portland |
|---|---|---|
| Studio FMR | $1,518 | $1,469 |
| 1BR FMR | $1,678 | $1,658 |
| 2BR FMR | $2,202 | $2,130 |
| 3BR FMR | $2,640 | $2,591 |
| 4BR FMR | $3,694 | $2,820 |
| Median Income | $88,602 | $88,602 |
| Rent Burden | 29.8% | 28.8% |
| Actual Median Rent | $1,384 | $1,384 |
| Median Home Value | $379,500 | $379,500 |
| Population | 558K | 558K |
| Renter % | 26.9% | 26.9% |
| Vacancy Rate | 16.9% | 16.9% |
| Poverty Rate | 7.6% | 7.6% |
| YoY Change | +29.8% | +9.5% |
| Min Wage | $14.65/hr | $14.65/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Portland, ME is more affordable with a 2BR FMR of $2,130/mo, which is $72 less than York-Kittery-South Berwick at $2,202/mo. However, when considering local incomes, York-Kittery-South Berwick has a rent burden of 29.8% vs 28.8% in Portland.
A 2-bedroom in York-Kittery-South Berwick, ME costs $2,202/mo at Fair Market Rent, while in Portland, ME it's $2,130/mo, a difference of $72/mo or $864/year.
To afford a 2BR without spending more than 30% of income on rent: York-Kittery-South Berwick requires $88,080/year ($42/hr). Portland requires $85,200/year ($41/hr).