Cost of Living in Phillips, ME
Housing
The housing market plays a significant role in determining the cost of living in Phillips, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
Based on the data provided, it appears that Phillips, ME currently has a housing index of 110.7, with a median home price of 0. It's crucial to note that average rents for both a 2-bedroom apartment and a 2-bedroom house are recorded at 1922 and 2089, respectively. While this information may suggest limited data availability or unusual market conditions, potential movers should also consider local amenities, job opportunities, and community vibe alongside these metrics. Investing in an area with a stable economy and growth potential often yields better long-term returns.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Phillips, 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 Phillips, 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 Phillips is a financially viable option for your relocation.