Cost of Living in North Berwick, ME

With a cost of living index of 92, North Berwick, ME is slightly more affordable than average. Living here is 8% cheaper than the national average and 6% above the Maine state average of 87. North Berwick is a small community of 1,811 residents.

Housing costs are the biggest factor in North Berwick's cost of living. The median monthly rent is $1,032 (22% below the US median of $1,319), and the median home value sits at $296,300 (3% below the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in North Berwick is $54,612, which is 27% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to North Berwick. The area sees an average annual temperature of 47.7°F, with summers averaging 69°F and winters around 27°F. Annual rainfall totals 41.2 inches spread over roughly 139 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.