Cost of Living in Readfield, ME
Housing
The housing market plays a significant role in determining the cost of living in Readfield, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $301,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
Based on the data for Readfield, ME, the housing index currently stands at 110.7, indicating a unique market situation potentially skewed by dominant economic factors. While the median home price is set at 301000, the absence of rental data demonstrates limited availability, which could be appealing for prospective buyers considering homeownership versus renting. It’s also essential to compare these figures to nearby areas to understand regional trends. Given the volatility in market conditions, ongoing research into local infrastructure and amenities is crucial for making an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Readfield, 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 Readfield, 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 Readfield is a financially viable option for your relocation.