Cost of Living in Skowhegan, ME
Housing
The housing market plays a significant role in determining the cost of living in Skowhegan, ME.
- Housing Index: 89.5 / 100
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1240 per month
Considering a move to Skowhegan, ME? The housing index stands at 89.5, indicating a moderately affordable market. With a median home price of 175000 and average rent for a 2-bedroom apartment at 1200 and a house at 1240, you can gauge the cost of living relative to your budget. Comparing this to national trends, housing prices tend to rise, so investing now might be wise. However, other factors such as local amenities and job opportunities should also play a key role in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Skowhegan, 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.): $200 per month
Living in Skowhegan, 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 $200 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 Skowhegan is a financially viable option for your relocation.