Living Cost Compare
New York City

New York

$2,010/mo est.

vs
Portland

Maine

$1,620/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $2,010 in New York City, NY versus $1,620 in Portland, ME. Overall, Portland, ME is roughly 19% cheaper to live in day-to-day than New York City, NY, driven mainly by rent.

Median household income is $79,713 in New York City, NY and $76,174 in Portland, ME — about 4% higher in New York City, NY. New York has a top state income tax rate of 10.90% and a 4% state sales tax; Maine has a top state income tax rate of 7.15% and a 5.5% state sales tax.

Rent

Studio
$1,633
$1,038
+36% in New York City, NY
1 Bedroom
$1,705
$1,331
+22% in New York City, NY
2 Bedroom
$1,781
$1,664
+7% in New York City, NY
3 Bedroom
$2,065
$1,919
+7% in New York City, NY

Buying a Home

Median Home Value
$751,700
$452,600
+40% in New York City, NY

Income

Median Household Income
$79,713
$76,174
+4% in New York City, NY
Metro Median Wage (annual)
$61,430
$56,960
+7% in New York City, NY

People & Lifestyle

Median Age
38.0 yr
37.5 yr
+0.5 yr in New York City, NY
Homeownership
32.8%
46.7%
+13.9 pp in Portland, ME
Bachelor's+ (25+)
41.0%
59.2%
+18.2 pp in Portland, ME
Avg Commute
40.6 min
19.9 min
+20.7 min in New York City, NY

Crime (per 100k/yr)

Violent Crime
694
272.7
+61% in New York City, NY
Property Crime
2,415.4
2,513.3
+4% in Portland, ME

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
55.0°F
46.5°F
+8.5°F in New York City, NY
Annual Precipitation
49.9 in
47.3 in
+2.7 in in New York City, NY

Gas

Regular Gasoline
$3.95/gal
$3.86/gal
+2% in New York City, NY

Area: New York City vs East Coast (PADD 1).

Public Transit

Base Fare (one-way)
$3.00

Adult base one-way fare — MTA vs (2026).

Utilities

Electricity (¢/kWh)
29.9
28.6
+4% in New York City, NY
Natural Gas ($/MCF)
$22.74
$21.00
+8% in New York City, NY

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.31
$4.31
about equal
Bread (lb)
$1.92
$1.92
about equal
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$6.90
$6.90
about equal
Chicken (lb)
$2.19
$2.19
about equal
Bananas (lb)
$0.69
$0.69
about equal

Average prices — Northeast vs Northeast (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NY / ME)
4%
5.5%
+1.5 pp in ME
Income Tax (top rate)
10.90%
7.15%
+3.8 pp in NY

New York City vs Portland — FAQ

Is it cheaper to live in New York City or Portland?
Portland, ME is cheaper. Its monthly baseline of $1,620 (1BR rent + utilities) runs about 19% below New York City, NY's $2,010, mainly because of rent.
How much more do you need to earn to live in New York City than in Portland?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $68,000 a year in New York City versus $53,000 in Portland.
Which has lower taxes, New York City or Portland?
New York City is taxed under New York's rules (a top state income tax rate of 10.90% and a 4% state sales tax); Portland under Maine's (a top state income tax rate of 7.15% and a 5.5% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).