Cost of Living in Lewiston, ME
Housing
The housing market plays a significant role in determining the cost of living in Lewiston, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $263,000
- Average Rent (2 BR Apartment): $1319 per month
- Average Rent (2 BR House): $1434 per month
Based on the data provided for Lewiston, ME, the median home price is an affordability point at 263000. However, the housing index, which indicates the strength of the housing market, is at 0.0, suggesting potential concerns with demand or market stability. The absence of rental data for 2-bedroom apartments and houses is also noteworthy. This could impact whether you prefer renting or buying in the area. It's crucial to investigate local amenities, crime rates, and job opportunities which may provide insights beyond housing costs and contribute to a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lewiston, 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 Lewiston, 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 Lewiston is a financially viable option for your relocation.