Cost of Living in Rumford, ME
Housing
The housing market plays a significant role in determining the cost of living in Rumford, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $210,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
When considering a move to Rumford, ME, the housing environment presents moderate affordability, with a housing index of 110.7 indicating favorable conditions compared to many other areas. The median home price of 210000 suggests an entry-level market for homebuyers, while average rent prices at 1922 for an apartment and 2089 for a house show a competitive rental landscape. Overall, whether you're looking to buy or rent, Rumford offers viable options for both first-time buyers and renters seeking a comfortable living space in a potentially thriving community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rumford, 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 Rumford, 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 Rumford is a financially viable option for your relocation.