Can A Real Estate Agent Afford Rent in Waterville, ME?
Comfortably affordable — rent takes 27.1% of gross income.
Waterville rent: July 2026. Salary: BLS OEWS May 2024 (Maine state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Maine cities have lower median rent than Waterville, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Waterville
View full rent data for Waterville, ME →Frequently asked questions
Can a real estate agent afford rent in Waterville, ME?
Median rent in Waterville is $1,377 a month. A typical real estate agent in Maine earns about $60,989 a year, which makes that rent 27.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Waterville?
Using the 30% rule, a real estate agent salary in Maine (~$60,989/yr) supports up to $1,525 a month in rent. Waterville's current median rent is $1,377/mo, which leaves a $148/mo buffer.
How many hours does a real estate agent work to cover rent in Waterville?
At an hourly equivalent of about $29 an hour, a real estate agent in Maine works roughly 47 hours a month to cover Waterville's median rent of $1,377.
Where is rent cheaper than Waterville for a real estate agent?
Nearby Maine cities with lower median rent include Lewiston ($1,375/mo), Augusta ($1,363/mo), Augusta ($1,346/mo). Each shifts the affordability math materially on a real estate agent salary.