Cost of Living in Saco, ME
Housing
The housing market plays a significant role in determining the cost of living in Saco, ME.
- Housing Index: 125.0 / 100
- Median Home Price is: $310,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1900 per month
Considering the data for Saco, ME, the housing index of 125.0 indicates that the market is relatively competitive. With a median home price of 310000, buying a home here may require careful financial planning. Average rent for a 2-bedroom apartment stands at 1800 per month, while the average rent for a 2-bedroom house is slightly higher at 1900. When deciding to move, it's essential to weigh your long-term goals as well as consider the job market and local amenities that may enrich your experience in Saco.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Saco, 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.): $250 per month
Living in Saco, 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 $250 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 Saco is a financially viable option for your relocation.