Skowhegan, ME Cost Of Living
Cost Of Living In Skowhegan, ME Summary
Cost of living in Skowhegan 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 Skowhegan 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 Skowhegan is 91, with 100 being the average.
The cost of living index in Skowhegan is 0.9x lower than the national average.
Skowhegan ranks as the #1 cheapest in Maine out of 29.
Skowhegan ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Skowhegan is $112,700.
The median income in Skowhegan is $46,786.
Table Of Contents
Skowhegan's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Skowhegan, ME?
According to the most recent data on the cost of living, Skowhegan has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Maine, Skowhegan has a cost of living index that's 0.8x lower than Maine's index of 112.
The standard of living in Skowhegan ranks as #1 most affordable out of the 29 places we measured in Maine. By definition, that implies Skowhegan ranks as the #28 most expensive place in the Pine Tree State.
For more reading on life in Skowhegan, check out:
- Living In Skowhegan
- Skowhegan Crime Report
- Search Homes For Sale In Skowhegan, ME
In Maine
In America
Skowhegan Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Skowhegan. Here is how it fairs on each of the criteria:
The Services index in Skowhegan is 111.
The Groceries index in Skowhegan is 103.
The Health index in Skowhegan is 112.
The Housing index in Skowhegan is 54.
The Transportation index in Skowhegan is 103.
The Utilities index in Skowhegan is 110.
| Living Expense | Skowhegan | Maine | National Average | |
|---|---|---|---|---|
| Overall | 91 | 112 | 100 | |
| Services | 111 | 114 | 100 | |
| Groceries | 103 | 101 | 100 | |
| Health | 112 | 97 | 100 | |
| Housing | 54 | 120 | 100 | |
| Transportation | 103 | 116 | 100 | |
| Utilities | 110 | 104 | 100 | |
Skowhegan, 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 Skowhegan is $112,700.
The Median Rent in Skowhegan is $782.
The Median Income in Skowhegan is $46,786.
The Home Value To Income in Skowhegan is 2.4x.
The Rent To Monthly Income in Skowhegan is 0.2x.
| Statistic | Skowhegan | Maine | United States |
|---|---|---|---|
| Median Home Value | $112,700 | $212,100 | $244,900 |
| Median Rent | $782 | $927 | $1,163 |
| Median Income | $46,786 | $63,182 | $69,021 |
| Home Value To Income | 2.4x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Skowhegan, ME Costs By Category
Detailed Skowhegan Services Costs Vs. Maine
Detailed Skowhegan Groceries Costs Vs. Maine
Detailed Skowhegan Health Costs Vs. Maine
Detailed Skowhegan Transportation Costs Vs. Maine
Detailed Skowhegan Utilities Costs Vs. Maine
Skowhegan SnackAbility
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Cost Of Living In Cities Around Skowhegan
The cost of living varies in the cities and towns around Skowhegan. Here's a quick look at the cost of living in the most populous nearby places:
Bangor, ME has a cost of living index of 101, 1.1x Skowhegan.
Augusta, ME has a cost of living index of 99, 1.1x Skowhegan.
Waterville, ME has a cost of living index of 97, 1.1x Skowhegan.
| City | Population | Cost Of Living | Vs. Skowhegan |
|---|---|---|---|
| Bangor, ME | 31,920 | 101 | 1.1x |
| Augusta, ME | 18,895 | 99 | 1.1x |
| Waterville, ME | 15,872 | 97 | 1.1x |
| Brewer, ME | 9,606 | 100 | 1.1x |
| Belfast, ME | 6,890 | 108 | 1.2x |
| Gardiner, ME | 5,944 | 97 | 1.1x |
