Cost of Living in Freeport
Freeport's cost of living runs genuinely elevated, reflecting real retail-tourism demand and a disclosed, wide housing-price spread this record does not force to one figure.
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Learn moreA real, wide housing-price spread
Zillow's $613,843 typical value, Redfin's $311,000 median sale price, and Movoto's $789,000 median list price all disclose a real, substantial divergence -- confirm current, specific listings directly (base record).
Property tax runs above the national median
Freeport's 1.34% effective property tax rate (Ownwell) runs below Maine's own statewide median (1.47%, same source) yet above the 1.02% national median and above this project's Maine state record's 1.10% statewide anchor (base record).
Maine's real 7.15% top income tax rate
Maine's real, current 2026 income tax tops out at 7.15% for the large majority of filers, with a new 2% millionaire's-tax surcharge pushing the effective top rate to 9.15% above $1 million/$1.5 million income (base record).
Real, substantial retiree tax advantages
Maine fully exempts Social Security and offers a $48,216 pension income deduction (tax year 2025), a real, meaningful consideration given Freeport's own above-threshold senior population share (base record).
Key takeaways
- Freeport's housing carries a real, disclosed cross-source spread of $311,000-$789,000.
- Freeport's 1.34% property tax rate runs above the national median, though below Maine's own statewide median.
- Maine's 7.15% top income tax rate (9.15% effective for the highest earners) applies in Freeport as statewide.
- Maine's full Social Security exemption and $48,216 pension deduction meaningfully benefit Freeport's above-threshold senior population.
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