Salary & Cost of Living in Bangor, ME
Bangor, ME: $50,000 median salary, cost of living index 95, $14.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,000
$24/hr
Cost of Living
95
US avg = 100
Minimum Wage
$14.65
per hour
Unemployment
3.2%
rate
Bangor, ME Overview
Population
32,029
Median Salary
$50,000
Average Salary
$55,500
Avg Commute
18 min
Median Home Price
$190,000
Median Rent
$950/mo
Job Growth
+1%
Sales Tax
5.5%
Bangor is located in Maine with a population of 32,029. The median household salary is $50,000 per year ($24/hour), which is $9,384 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1%.
Bangor Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Bangor, ME, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,839
$3,236.54/month · $1,493.79/biweekly · Effective Rate: 22.3%
Gross Pay
$50,000
Federal Tax
-$3,962
State Tax
-$3,375
Local Tax
$0
FICA
-$3,825
Net Pay
$38,839
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,166.67 | $50,000.00 |
| Federal Income Tax | -$330.13 | -$3,961.50 |
| Maine State Tax (6.75%) | -$281.25 | -$3,375.00 |
| Social Security (6.2%) | -$258.33 | -$3,100.00 |
| Medicare (1.45%) | -$60.42 | -$725.00 |
| Net Take-Home Pay | $3,236.54 | $38,838.50 |
Salary Comparison: Bangor vs Other Cities
See how Bangor's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Bangor, ME | $50,000 | 95 | $52,632 |
| National Average | $59,384 | 100 | $59,384 |
| Modesto, CA | $50,000 | 100 | $50,000 |
| Moreno Valley, CA | $50,000 | 100 | $50,000 |
| Salinas, CA | $50,000 | 110 | $45,455 |
| Lakeland, FL | $50,000 | 92 | $54,348 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Bangor
Bangor's cost of living index is 95 (national average = 100). Living in Bangor is 5% less expensive than the national average.
Median Home Price
$190,000
Median Monthly Rent
$950
Annual Rent Cost
$11,400
Your Salary's Purchasing Power
Your $38,839 annual take-home pay in Bangor has the purchasing power of approximately $40,883 in an average-cost US area. Your $50,000 salary stretches further here than in most US cities.
Top Industries in Bangor
Bangor's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,000.
Salary Tips for Bangor Workers
- Maximize pre-tax deductions. With a 6.75% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Bangor's top industries include Healthcare, Retail, Education. Targeting roles in these sectors can help you earn above the $50,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Bangor, ME?
The median salary in Bangor, ME is $50,000 per year, or $24 per hour. The average salary is $55,500. This is $9,384 below the national median of $59,384.
What is the cost of living in Bangor, ME?
Bangor's cost of living index is 95 (national average = 100), meaning it is 5% less expensive compared to the national average. The median home price is $190,000 and the median monthly rent is $950.
What are the best industries in Bangor?
The top industries in Bangor, ME include Healthcare, Retail, Education. The city has a job growth rate of 1% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $50,000.
How does Bangor's salary compare to other cities?
Bangor's median salary of $50,000 is 15.8% below the national median of $59,384. However, when adjusted for cost of living (index: 95), the real purchasing power is approximately $52,632.
What is the minimum wage in Bangor, ME?
The minimum wage in Bangor, ME is $14.65 per hour. This equals approximately $30,472 per year for a full-time worker (40 hours/week). This is $7.40 above the federal minimum wage of $7.25/hour.