Cost of Living in Northeast Harbor, ME

With a cost of living index of 126, Northeast Harbor, ME is a notably expensive place to live. Living here is 26% more expensive than the national average and 39% above the Maine state average of 87. Northeast Harbor is a small community of 410 residents.

Housing costs are the biggest factor in Northeast Harbor's cost of living. The median monthly rent is $1,348 (2% above the US median of $1,319), and the median home value sits at $604,200 (98% above the national median of $304,900). At current prices, the median home costs roughly 5.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Northeast Harbor is $102,500, which is 36% 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 Northeast Harbor. The area sees an average annual temperature of 45°F, with summers averaging 67°F and winters around 22°F. Annual rainfall totals 41.7 inches spread over roughly 134 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.