Cost of Living in Waterville

Waterville's cost of living runs genuinely, substantially below national and Maine averages on housing, though a real, elevated property tax rate offsets some of that savings.

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Substantially affordable housing

Waterville's median list price (~$289,000) runs well below both the ~$408,776 national median and Maine's own ~$421,966 statewide average.

A real, elevated property tax rate

Waterville's effective property tax rate (~2.00%) runs notably above both the national median (~1.02%) and Maine's own statewide average (~1.10%).

Rising rent

Average rent ran approximately $1,478/month, up a real 5.83% year-over-year.

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.