Bingham, ME vs Freeport, ME

The cost of living difference between Bingham, ME and Freeport, ME is dramatic. Bingham is 48.7% cheaper than Freeport, a gap that translates to thousands of dollars per year in household expenses. Bingham has a cost index of 55 while Freeport sits at 108, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bingham is $367/month compared to $1,426/month in Freeport — a 74% difference. Home values follow the same pattern: Bingham is more affordable at $108,900 median vs $344,100.

Median household income in Bingham is $53,750 compared to $48,352 in Freeport (+11.2%). Bingham offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bingham spend roughly 8.2% of their income on rent, less than the 35.4% in Freeport. The Bingham ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Freeport is notably warmer with an average of 45.7°F compared to 41.2°F in Bingham. Freeport receives more rainfall at 50" per year compared to 44.5" in Bingham.