How much rent can you afford in Yarmouth, ME?
Run your salary against Yarmouth's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Yarmouth
At a median rent of $2,455/mo, Yarmouth is moderately stretched when measured against Yarmouth median household income of $93,575/yr. Rent would consume roughly 31% of pre-tax income, and a salary of about $98,200 keeps rent at the recommended 30% threshold.
How Yarmouth compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Yarmouth?
On a $93,575 salary (the Yarmouth median household income), the recommended ceiling is 30% of pre-tax income, or about $2,339/mo. Yarmouth's median rent is $2,455/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Yarmouth?
To keep Yarmouth's $2,455/mo median rent under 30% of income, you'd need about $98,200/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Yarmouth affordable on the median Maine income?
Yarmouth is moderately stretched on a $93,575 income. Rent would take 31% 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".