Cost of Living in Thorndike, ME
Housing
The housing market plays a significant role in determining the cost of living in Thorndike, ME.
- Housing Index: 110.7 / 100
- Median Home Price is: $202,000
- Average Rent (2 BR Apartment): $1922 per month
- Average Rent (2 BR House): $2089 per month
When considering a move to Thorndike, ME, the current housing index stands at 110.7, indicating potential affordability. The median home price is at 202000, placing ownership within reach for many buyers. However, with average rents for both 2-bedroom apartments and houses at 1922 and 2089 respectively at zero, it raises questions about rental availability. It would be beneficial to research local amenities, employment opportunities, and neighborhood conditions, as these factors typically influence long-term living satisfaction beyond initial housing costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Thorndike, 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 Thorndike, 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 Thorndike is a financially viable option for your relocation.