Cost of Living & Housing in Greenville
Greenville's cost of living centers on a real, disclosed, wide cross-source housing-price spread and a genuinely elevated effective property tax rate, alongside a real, current local workforce-housing shortage.
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Learn moreA wide, real, disclosed housing-price spread
Ownwell's own broader assessed/sold-housing-stock measure put Greenville's median home price at $133,150, while Movoto's June 2026 current-listing median instead ran a materially higher $325,000 -- most plausibly reflecting a current for-sale inventory skewed toward lakefront and vacation properties (base record).
A 1.69% effective property tax rate
Greenville's own 1.69% effective property tax rate (Ownwell), matching the town's own official FY2025-2026 mil rate of 20.85, runs above Maine's statewide average (approximately 1.10%) even as the resulting $2,056 median annual tax bill stays below the national median (base record).
A real, current local workforce-housing shortage
Housing for local workers runs genuinely scarce given the substantial share of seasonal homes and short-term rentals, prompting a real, current 24-unit workforce-housing development partly financed by $2.5 million in FY2026 congressionally directed federal funding (base record).
Maine's 7.15% top income tax rate and full Social Security exemption
Maine's real, current 2026 individual income tax tops out at 7.15% for the overwhelming majority of taxpayers, with a full Social Security exemption and a $48,216 pension income deduction -- genuinely relevant given Greenville's own elevated median age (base record).
Key takeaways
- Greenville's housing price runs $133,150 (Ownwell, year-round stock) to $325,000 (current listings, lakefront-heavy) -- confirm current pricing directly.
- A 1.69% effective property tax rate produces a $2,056 median annual tax bill, below the national median despite the elevated rate.
- A real, current local workforce-housing shortage is being addressed with a 24-unit development, partly federally funded.
- Maine's 7.15% top income tax rate and full Social Security exemption apply in Greenville as they do statewide.
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