Cost of Living in Cape Elizabeth
Cape Elizabeth's cost of living runs genuinely, substantially above national norms, reflecting the town's real affluent, coastal identity this record discloses directly.
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Learn moreHousing runs more than double the national comparison figure
Zillow's $837,792 typical home value and Redfin's $843K median sale price both run genuinely, substantially above the ~$408,776 national comparison figure this project cites consistently -- with Movoto's $1.13M July 2026 median list price running notably higher still (base record).
Property tax runs almost exactly at the Maine statewide average, pending a real FY2026 increase
Cape Elizabeth's confirmed FY2025 rate ran $11.00 per $1,000 assessed value (1.10% effective), almost exactly at this project's own Maine statewide anchor -- though independent March 2025 news coverage reported a proposed FY2026 increase of approximately 4.85%-4.9% not yet independently confirmed as finalized this pass (base record).
Maine's real 7.15% top income tax rate, with real retiree advantages layered in
Maine's real, current 7.15% base top marginal income tax rate applies in Cape Elizabeth as statewide, alongside a full Social Security exemption and a $48,216 pension deduction (tax year 2025) -- a real, meaningful consideration given Cape Elizabeth's own retiree-heavy population (base record).
A likely coastal insurance premium, not independently quantified
This pass did not confirm a Cape Elizabeth-specific homeowners-insurance figure; this record uses Maine's own statewide range ($1,335-$1,433/year) while disclosing that genuine direct oceanfront exposure likely carries a real, unquantified premium (base record).
Key takeaways
- Cape Elizabeth's housing costs run more than double the ~$408,776 national comparison figure this project cites consistently.
- Cape Elizabeth's confirmed FY2025 property tax rate (1.10%) sits almost exactly at Maine's statewide anchor, pending a real FY2026 increase.
- Maine's 7.15% top income tax rate applies statewide, with real retiree-specific tax advantages layered on top.
- A likely coastal homeowners-insurance premium exists but was not independently quantified this pass.
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