States › Maine › Topsham

Is Topsham, ME expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6456% lower than U.S. average
💵 Families earn per year (2026)$107,876about $8,990/month · 24% higher than U.S. average
🔑 House price$388,50017% higher than U.S. average

Rent is lower than in 50% of U.S. cities. A typical house costs about 3.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $65,800 a year. That is $32 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 22 of 34 cities from cheapest to most expensive.

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

How much do households earn in Topsham?

Under $25k
11.6%
$25k–50k
12.7%
$50k–100k
38.2%
$100k–150k
19.2%
$150k+
15.8%

Share of households by yearly income. 35.0% of households earn $100,000 or more.

Rent by apartment size in Topsham

SizeTopshamU.S. average
1 bedroom$530$1,324
2 bedrooms$1,212$1,509
3 bedrooms$2,582$1,698
4 bedrooms$2,707$2,098

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

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

Taxes and bills in Topsham

🏛️ Property tax$4,431a year · 1.14% of home value · U.S. $3,119
⚡ Electric bill$141a month (typical) · U.S. $156

Life in Topsham

Commute to work23.8 minU.S.: 26.4 min
College degree52%U.S.: 35.7%
Own their home75%U.S.: 65.2%
Below poverty line5.7%U.S.: 12.5%
Unemployment4.9%U.S.: 5.2%

Is it cheaper to rent or buy in Topsham?

Renting is cheaper right now: about $1,051 a month less.

Renting
$1,645
Owning
$2,696

Owning assumes a typical $388,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,850 for the down payment.

Frequently asked questions

What is the average rent in Topsham, ME?

Renting in Topsham costs a median of about $1,645 a month in 2026, including utilities. The Maine median is $1,452.

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

To keep rent under 30% of income, you need about $65,800 a year, or $32 an hour at a full-time job.

Is Topsham cheap or expensive?

Topsham is rated Cheap: rent takes 18.3% of the typical household income of $107,876. It ranks 22nd cheapest of 34 Maine cities we track.

How much are property taxes in Topsham?

The median homeowner in Topsham pays $4,431 a year in property taxes, about 1.14% of the median home value.

Is Topsham 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 Topsham?

The median home value in Topsham is $388,500, about 3.6 times the typical yearly household income.

7,271 people live in Topsham. Numbers are typical (middle) values.