Salary & Cost of Living in Portland, ME
Portland, ME: $62,000 median salary, cost of living index 118, $14.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
118
US avg = 100
Minimum Wage
$14.65
per hour
Unemployment
2.8%
rate
Portland, ME Overview
Population
68,408
Median Salary
$62,000
Average Salary
$68,500
Avg Commute
22 min
Median Home Price
$420,000
Median Rent
$1,700/mo
Job Growth
+1.5%
Sales Tax
5.5%
Portland is located in Maine with a population of 68,408. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +1.5%.
Portland Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Portland, ME, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,671
$3,972.54/month · $1,833.48/biweekly · Effective Rate: 23.1%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
-$4,185
Local Tax
$0
FICA
-$4,743
Net Pay
$47,671
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Maine State Tax (6.75%) | -$348.75 | -$4,185.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $3,972.54 | $47,670.50 |
Salary Comparison: Portland vs Other Cities
See how Portland's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Portland, ME | $62,000 | 118 | $52,542 |
| National Average | $59,384 | 100 | $59,384 |
| Tempe, AZ | $62,000 | 105 | $59,048 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
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 Portland
Portland's cost of living index is 118 (national average = 100). Living in Portland is 18% more expensive than the national average.
Median Home Price
$420,000
Median Monthly Rent
$1,700
Annual Rent Cost
$20,400
Your Salary's Purchasing Power
Your $47,671 annual take-home pay in Portland has the purchasing power of approximately $40,399 in an average-cost US area. You would need to earn $73,160 in Portland to match a $62,000 salary in an average-cost city.
Top Industries in Portland
Portland's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Portland 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. Portland's top industries include Healthcare, Tourism, Technology. Targeting roles in these sectors can help you earn above the $62,000 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 Portland, ME?
The median salary in Portland, ME is $62,000 per year, or $30 per hour. The average salary is $68,500. This is $2,616 above the national median of $59,384.
What is the cost of living in Portland, ME?
Portland's cost of living index is 118 (national average = 100), meaning it is 18% more expensive compared to the national average. The median home price is $420,000 and the median monthly rent is $1,700.
What are the best industries in Portland?
The top industries in Portland, ME include Healthcare, Tourism, Technology. The city has a job growth rate of 1.5% and an unemployment rate of 2.8%. Workers in these industries often earn above the city's median salary of $62,000.
How does Portland's salary compare to other cities?
Portland's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 118), the real purchasing power is approximately $52,542.
What is the minimum wage in Portland, ME?
The minimum wage in Portland, 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.