Kennebunk, ME Cost Of Living
Cost Of Living In Kennebunk, ME Summary
Cost of living in Kennebunk 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 Kennebunk 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 Kennebunk is 112, with 100 being the average.
The cost of living index in Kennebunk is 1.1x higher than the national average.
Kennebunk ranks as the #25 cheapest in Maine out of 29.
Kennebunk ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Kennebunk is $326,700.
The median income in Kennebunk is $82,021.
Table Of Contents
Kennebunk's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Kennebunk, ME?
According to the most recent data on the cost of living, Kennebunk has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Maine, Kennebunk has a cost of living index that's 1.0x lower than Maine's index of 112.
The standard of living in Kennebunk ranks as #25 most affordable out of the 29 places we measured in Maine. By definition, that implies Kennebunk ranks as the #4 most expensive place in the Pine Tree State.
For more reading on life in Kennebunk, check out:
- Living In Kennebunk
- Kennebunk Crime Report
- Search Homes For Sale In Kennebunk, ME
In Maine
In America
Kennebunk Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Kennebunk. Here is how it fairs on each of the criteria:
The Services index in Kennebunk is 110.
The Groceries index in Kennebunk is 99.
The Health index in Kennebunk is 114.
The Housing index in Kennebunk is 128.
The Transportation index in Kennebunk is 104.
The Utilities index in Kennebunk is 107.
| Living Expense | Kennebunk | Maine | National Average | |
|---|---|---|---|---|
| Overall | 112 | 112 | 100 | |
| Services | 110 | 114 | 100 | |
| Groceries | 99 | 101 | 100 | |
| Health | 114 | 97 | 100 | |
| Housing | 128 | 120 | 100 | |
| Transportation | 104 | 116 | 100 | |
| Utilities | 107 | 104 | 100 | |
Kennebunk, 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 Kennebunk is $326,700.
The Median Rent in Kennebunk is $1,086.
The Median Income in Kennebunk is $82,021.
The Home Value To Income in Kennebunk is 4.0x.
The Rent To Monthly Income in Kennebunk is 0.16x.
| Statistic | Kennebunk | Maine | United States |
|---|---|---|---|
| Median Home Value | $326,700 | $212,100 | $244,900 |
| Median Rent | $1,086 | $927 | $1,163 |
| Median Income | $82,021 | $63,182 | $69,021 |
| Home Value To Income | 4.0x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Kennebunk, ME Costs By Category
Detailed Kennebunk Services Costs Vs. Maine
Detailed Kennebunk Groceries Costs Vs. Maine
Detailed Kennebunk Health Costs Vs. Maine
Detailed Kennebunk Transportation Costs Vs. Maine
Detailed Kennebunk Utilities Costs Vs. Maine
Kennebunk SnackAbility
/10
Cost Of Living In Cities Around Kennebunk
The cost of living varies in the cities and towns around Kennebunk. Here's a quick look at the cost of living in the most populous nearby places:
Biddeford, ME has a cost of living index of 107, 1.0x Kennebunk.
Saco, ME has a cost of living index of 109, 1.0x Kennebunk.
Somersworth, NH has a cost of living index of 102, 0.9x Kennebunk.
| City | Population | Cost Of Living | Vs. Kennebunk |
|---|---|---|---|
| Biddeford, ME | 22,331 | 107 | 1.0x |
| Saco, ME | 20,203 | 109 | 1.0x |
| Somersworth, NH | 11,964 | 102 | 0.9x |
| Old Orchard Beach, ME | 8,954 | 106 | 0.9x |
