States › Maine › Gorham

Is Gorham, ME expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8666% higher than U.S. average
💵 Families earn per year (2026)$138,253about $11,521/month · 59% higher than U.S. average
🔑 House price$506,00052% higher than U.S. average

Rent is higher than in 61% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs about 3.7 years of household income. Commutes are long, about 32 minutes each way. Most homes (78.8%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $74,640 a year. That is $36 an hour at a full-time job.

Is rent cheaper than other Maine cities?

No. Rent here is more expensive than in most of Maine. It is number 26 of 34 cities from cheapest to most expensive.

Gorham
$1,866
Old Town
$1,091
Caribou
$1,194
Topsham
$1,645
Rockland
$1,498
Belfast
$1,061
Skowhegan
$991

How much do households earn in Gorham?

Under $25k
12.3%
$25k–50k
9.9%
$50k–100k
24.9%
$100k–150k
30.6%
$150k+
21.7%

Share of households by yearly income. 52.3% of households earn $100,000 or more.

How expensive is Gorham overall?

Everyday prices in Maine overall are 3% below the U.S. average (index 97.0, U.S. = 100).

Housing
79
Goods (food, clothes…)
97
Utilities
135
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Gorham, so the Maine figure is shown.

Taxes and bills in Gorham

🏛️ Property tax$5,303a year · 1.05% of home value · U.S. $3,119
⚡ Electric bill$144a month (typical) · U.S. $156

Life in Gorham

Commute to work32 minU.S.: 26.4 min
College degree51.5%U.S.: 35.7%
Own their home78.8%U.S.: 65.2%
Below poverty line4.7%U.S.: 12.5%
Unemployment2.4%U.S.: 5.2%

Is it cheaper to rent or buy in Gorham?

Renting is cheaper right now: about $1,645 a month less.

Renting
$1,866
Owning
$3,511

Owning assumes a typical $506,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $50,600 for the down payment.

Frequently asked questions

What is the average rent in Gorham, ME?

Renting in Gorham costs a median of about $1,866 a month in 2026, including utilities. The Maine median is $1,452.

How much do I need to make to live in Gorham?

To keep rent under 30% of income, you need about $74,640 a year, or $36 an hour at a full-time job.

Is Gorham cheap or expensive?

Gorham is rated Cheap: rent takes 16.2% of the typical household income of $138,253. It ranks 26th cheapest of 34 Maine cities we track.

How much are property taxes in Gorham?

The median homeowner in Gorham pays $5,303 a year in property taxes, about 1.05% of the median home value.

Is Gorham more expensive than the national average?

Overall prices in Maine are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Gorham?

The median home value in Gorham is $506,000, about 3.7 times the typical yearly household income.

7,593 people live in Gorham. Numbers are typical (middle) values.