Cost of Living in Monson, ME
Housing
The housing market plays a significant role in determining the cost of living in Monson, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
When considering a move to Monson, ME, the housing index stands at 110.7, indicating a slightly above-average market. The median home price of 150000 makes homeownership accessible, especially when compared to the average rents of 1922 for a 2-bedroom apartment and 2089 for a 2-bedroom house. With rental costs being relatively affordable, this could be an attractive option for those prioritizing budget-friendly living in a community setting. Keep in mind that global trends, job opportunities, and local amenities can also significantly impact your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monson, 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 Monson, 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 Monson is a financially viable option for your relocation.