Cost of Living in Carmel, ME
Housing
The housing market plays a significant role in determining the cost of living in Carmel, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $211,200
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
Considering a move to Carmel, ME? With a housing index of 110.7, the area stands above the national average, indicating a competitive market. The median home price of 211200 showcases an investment opportunity for potential buyers, while rental prices reveal an average of 1922 for a 2-bedroom apartment and 2089 for a 2-bedroom house. While appreciating property values might appeal to investors, renters could face tighter budgets. Notably, living in Carmel can provide a vibrant community life that balances work and leisure.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Carmel, 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.): $242 per month
Living in Carmel, 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 $242 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 Carmel is a financially viable option for your relocation.