Cost of Living in Lee, ME
Housing
The housing market plays a significant role in determining the cost of living in Lee, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $155,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
Looking at the data for Lee, ME, housing affordability appears promising, especially with a median home price of 155000. While the housing index indicates 110.7, and average rents for a 2-bedroom apartment and house are currently unreported, the median home price suggests potential homeownership opportunities. Given the generally favorable market conditions in recent years, it may be beneficial to explore the local amenities and job market. Additionally, considering nearby urban areas is advisable as they can influence future growth and housing demand, ultimately affecting your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lee, 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 Lee, 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 Lee is a financially viable option for your relocation.