How much rent can you afford in Freeport, ME?
Run your salary against Freeport's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Freeport
At a median rent of $2,532/mo, Freeport is expensive when measured against Freeport median household income of $59,455/yr. Rent would consume roughly 51% of pre-tax income, and a salary of about $101,280 keeps rent at the recommended 30% threshold.
How Freeport compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Freeport?
On a $59,455 salary (the Freeport median household income), the recommended ceiling is 30% of pre-tax income, or about $1,486/mo. Freeport's median rent is $2,532/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Freeport?
To keep Freeport's $2,532/mo median rent under 30% of income, you'd need about $101,280/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Freeport affordable on the median Maine income?
Freeport is expensive on a $59,455 income. Rent would take 51% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".