States › Maine › Saco

Is Saco, ME expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,750same as U.S. average
💵 Families earn per year (2026)$99,482about $8,290/month · 14% higher than U.S. average
🔑 House price$413,10024% higher than U.S. average

Rent is higher than in 55% of U.S. cities. A typical house costs about 4.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $70,000 a year. That is $34 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 23 of 34 cities from cheapest to most expensive.

Saco
$1,750
Westbrook
$1,772
Sanford
$1,245
Biddeford
$2,037
Augusta
$1,378
Brunswick
$2,158
Auburn
$1,451

How much do households earn in Saco?

Under $25k
8.8%
$25k–50k
18.4%
$50k–100k
33.7%
$100k–150k
20.4%
$150k+
15.2%

Share of households by yearly income. 35.5% of households earn $100,000 or more.

Rent by apartment size in Saco

SizeSacoU.S. average
1 bedroom$1,064$1,324
2 bedrooms$1,772$1,509
3 bedrooms$1,477$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Saco 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 Saco, so the Maine figure is shown.

Taxes and bills in Saco

🏛️ Property tax$4,807a year · 1.16% of home value · U.S. $3,119
⚡ Electric bill$135a month (typical) · U.S. $156

Life in Saco

Commute to work23.8 minU.S.: 26.4 min
College degree43.5%U.S.: 35.7%
Own their home72.8%U.S.: 65.2%
Below poverty line6.4%U.S.: 12.5%
Unemployment2.1%U.S.: 5.2%

Is it cheaper to rent or buy in Saco?

Renting is cheaper right now: about $1,116 a month less.

Renting
$1,750
Owning
$2,866

Owning assumes a typical $413,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $41,310 for the down payment.

Frequently asked questions

What is the average rent in Saco, ME?

Renting in Saco costs a median of about $1,750 a month in 2026, including utilities. The Maine median is $1,452.

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

To keep rent under 30% of income, you need about $70,000 a year, or $34 an hour at a full-time job.

Is Saco cheap or expensive?

Saco is rated OK: rent takes 21.1% of the typical household income of $99,482. It ranks 23rd cheapest of 34 Maine cities we track.

How much are property taxes in Saco?

The median homeowner in Saco pays $4,807 a year in property taxes, about 1.16% of the median home value.

Is Saco 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 Saco?

The median home value in Saco is $413,100, about 4.2 times the typical yearly household income.

20,819 people live in Saco. Numbers are typical (middle) values.