Cost of Living in Hallowell, ME
Housing
The housing market plays a significant role in determining the cost of living in Hallowell, ME.
- Housing Index: Data is updating
- Median Home Price is: $292,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Hallowell, ME, it's important to examine the current housing landscape. With a housing index of 0.0, you may find economic opportunities to discover. The median home price is quite favorable at 292000, making homeownership an attainable goal for many. However, be informed that the average rent for a 2-bedroom apartment and a house are not currently available (0.0 and 0.0) which may indicate a less competitive rental market or data limitations. Overall, keep an eye on market trends as they begin to unfold.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hallowell, ME.
- Electricity Price: $22.26 USD (median by state)
- Natural Gas Price: $21.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hallowell, ME could entail higher utility costs. Electricity costs sit at $22.26, while natural gas is priced at $21.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hallowell is a financially viable option for your relocation.