Cost of Living in Kittery Point, ME

With a cost of living index of 128, Kittery Point, ME is a notably expensive place to live. Living here is 28% more expensive than the national average and 41% above the Maine state average of 87. Kittery Point is a small community of 1,008 residents.

Housing costs are the biggest factor in Kittery Point's cost of living. The median monthly rent is $1,787 (35% above the US median of $1,319), and the median home value sits at $454,900 (49% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Kittery Point is $138,185, which is 84% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Kittery Point. The area sees an average annual temperature of 46.9°F, with summers averaging 67°F and winters around 26°F. Annual rainfall totals 47 inches spread over roughly 146 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Portland-South Portland, ME (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.