Cost of Living in Lovell, ME
Housing
The housing market plays a significant role in determining the cost of living in Lovell, ME.
- Housing Index: Data is updating
- Median Home Price is: $308,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Lovell, ME, the housing market currently presents a median home price of 308000. However, with accompanying data showing the housing index and average rents for 2-bedroom apartments and houses at zero, it suggests either an unusual market situation or lack of available listings at this time. Potential homeowners should investigate local trends, as favorable conditions like low interest rates could signal a good opportunity to buy. It's imperative to consider comprehensive factors, including neighborhood amenities and local job markets to evaluate overall livability and investment potential.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lovell, 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 Lovell, 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 Lovell is a financially viable option for your relocation.