Bangor, ME Cost Of Living
Cost Of Living In Bangor, ME Summary
Cost of living in Bangor research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bangor is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maine, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bangor is 101, with 100 being the average.
The cost of living index in Bangor is 1.0x higher than the national average.
Bangor ranks as the #12 cheapest in Maine out of 29.
Bangor ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Bangor is $162,900.
The median income in Bangor is $49,652.
Table Of Contents
Bangor's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bangor, ME?
According to the most recent data on the cost of living, Bangor has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Maine, Bangor has a cost of living index that's 0.9x lower than Maine's index of 112.
The standard of living in Bangor ranks as #12 most affordable out of the 29 places we measured in Maine. By definition, that implies Bangor ranks as the #17 most expensive place in the Pine Tree State.
For more reading on life in Bangor, check out:
- Living In Bangor
- Bangor Crime Report
- Search Homes For Sale In Bangor, ME
In Maine
In America
Bangor Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Bangor. Here is how it fairs on each of the criteria:
The Services index in Bangor is 112.
The Groceries index in Bangor is 100.
The Health index in Bangor is 115.
The Housing index in Bangor is 80.
The Transportation index in Bangor is 101.
The Utilities index in Bangor is 110.
| Living Expense | Bangor | Maine | National Average | |
|---|---|---|---|---|
| Overall | 101 | 112 | 100 | |
| Services | 112 | 114 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 115 | 97 | 100 | |
| Housing | 80 | 120 | 100 | |
| Transportation | 101 | 116 | 100 | |
| Utilities | 110 | 104 | 100 | |
Bangor, ME Housing Cost Breakdown
Housing swings affordability the most between places in Maine, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bangor is $162,900.
The Median Rent in Bangor is $883.
The Median Income in Bangor is $49,652.
The Home Value To Income in Bangor is 3.3x.
The Rent To Monthly Income in Bangor is 0.21x.
| Statistic | Bangor | Maine | United States |
|---|---|---|---|
| Median Home Value | $162,900 | $212,100 | $244,900 |
| Median Rent | $883 | $927 | $1,163 |
| Median Income | $49,652 | $63,182 | $69,021 |
| Home Value To Income | 3.3x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Bangor, ME Costs By Category
Detailed Bangor Services Costs Vs. Maine
Detailed Bangor Groceries Costs Vs. Maine
Detailed Bangor Health Costs Vs. Maine
Detailed Bangor Transportation Costs Vs. Maine
Detailed Bangor Utilities Costs Vs. Maine
Bangor SnackAbility
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Cost Of Living In Cities Around Bangor
The cost of living varies in the cities and towns around Bangor. Here's a quick look at the cost of living in the most populous nearby places:
Waterville, ME has a cost of living index of 97, 1.0x Bangor.
Orono, ME has a cost of living index of 106, 1.0x Bangor.
Brewer, ME has a cost of living index of 100, 1.0x Bangor.
| City | Population | Cost Of Living | Vs. Bangor |
|---|---|---|---|
| Waterville, ME | 15,872 | 97 | 1.0x |
| Orono, ME | 10,426 | 106 | 1.0x |
| Brewer, ME | 9,606 | 100 | 1.0x |
| Ellsworth, ME | 8,340 | 102 | 1.0x |
| Belfast, ME | 6,890 | 108 | 1.1x |
| Skowhegan, ME | 6,344 | 91 | 0.9x |
