Topsham, ME vs Waterville, ME
There is a significant gap in the cost of living between these two cities. Waterville is 28.8% cheaper than Topsham. With a cost index of 79 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterville to Topsham should plan for substantially higher expenses across most categories.
On the housing front, median rent in Topsham is $1,211/month compared to $957/month in Waterville — a 27% difference. Home values follow the same pattern: Waterville is more affordable at $173,700 median vs $341,800.
Median household income in Topsham is $80,545 compared to $47,489 in Waterville (+69.6%). While Topsham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Topsham spend roughly 18% of their income on rent, less than the 24.2% in Waterville.
Climate-wise, both cities share similar average temperatures (45.7°F vs 46.1°F). Topsham receives more rainfall at 50" per year compared to 41.8" in Waterville.
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