Cape Neddick, ME vs Gorham, ME

There is a significant gap in the cost of living between these two cities. Gorham is 17.3% cheaper than Cape Neddick. With a cost index of 120 vs 141, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gorham to Cape Neddick should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cape Neddick is $1,723/month compared to $1,518/month in Gorham — a 14% difference. Home values follow the same pattern: Gorham is more affordable at $459,000 median vs $636,100.

Median household income in Cape Neddick is $98,113 compared to $125,058 in Gorham (-21.5%). Gorham offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cape Neddick spend roughly 21.1% of their income on rent, more than the 14.6% in Gorham.

Climate-wise, both cities share similar average temperatures (47.1°F vs 47.5°F). Gorham receives more rainfall at 48.1" per year compared to 47.8" in Cape Neddick.