Cost Of Living in Skowhegan, ME

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Skowhegan	Maine	National
Cost of living	95	102	100
Goods & Services	109	109	100
Groceries	102	102	100
Health care	103	103	100
Housing	66	92	100
Transportation	109	109	100
Utilities	107	107	100

New Real Estate Listings in Skowhegan Area

For Sale For Rent

Search

Search Homes for Sale in Skowhegan, ME

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Skowhegan is 7% lower than the Maine average
The cost of living in Skowhegan is 5% lower than the national average
Skowhegan housing is 34% lower than the national average
Maine general sales tax is 8% higher than the national average
Maine state income tax is 123% higher than the national average

Most Affordable Places to Live in and Around Skowhegan

See all the best places to live around Skowhegan

Compare Skowhegan, ME Cost of Living

Write a review to give others more information about this area.

See all Skowhegan poll results

The best places in Maine

Here are the best places to live in Maine

Most Dangerous Cities In The US

These are the largest cities in Maine

These are the 10 cheapest cities in Maine

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,169	$4,597	$1,287	$1,655
Renters	$30,045	$2,504	$701	$901

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Skowhegan, ME, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Skowhegan homeowners, is $55,169. This would allow for a maximum of $1,287 per month to be spent on housing costs. For renters, the median monthly income is $30,045 which would result in a maximum of $701 to be spent on rental costs.

Maine Sales Tax

State	General Sales Tax	With Max Surtax
Maine	5.5%	5.5%

Maine Income Tax

State	Income Tax (Low)	Income Tax (High)
Maine	5.8%	7.15%

Goods & Services

Item	Skowhegan	National avg.	Difference
Haircut	$28.67	$24.26	18.2%
Beauty Salon	$53.03	$45.56	16.4%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.17	$1.28	8.9%
Movie	$13.07	$12.13	7.7%
Bowling	$17.76	$18.00	1.4%

Groceries

Item	Skowhegan	National avg.	Difference
Ground Beef	$5.41	$5.84	7.3%
Fried Chicken	$1.43	$1.57	8.9%
Milk	$4.75	$4.67	1.7%
Potatoes	$5.00	$4.93	1.3%
Pizza	$11.93	$12.09	1.3%
Beer	$10.22	$10.41	1.9%

Health Care

Item	Skowhegan	National avg.	Difference
Optometrist	$170.67	$125.68	35.8%
Doctor	$146.50	$135.78	7.9%
Dentist	$119.58	$113.29	5.6%
Ibuprofen	$10.72	$10.65	0.7%
Lipitor	$372.90	$468.60	20.4%

Housing

Item	Skowhegan	National avg.	Difference
Home Price	$109,300.00	$184,700.00	40.8%
Avg. Mortgage Payment	$2,456.69	$2,346.69	4.7%
Apartment Rent	$781.00	$949.00	17.7%

Transportation

Item	Skowhegan	National avg.	Difference
Gasoline	$3.52	$3.46	1.7%
Tire Balancing	$76.01	$59.92	26.8%

Utilities

Item	Skowhegan	National avg.	Difference
All Electricity	$218.65	$193.99	12.7%
Phone	$185.73	$192.25	3.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Anson, ME	792	89	11.2%
Hartland, ME	531	91	8.8%
Madison, ME	2,712	91	8.7%
Fairfield, ME	2,298	94	6.1%
Clinton, ME	1,227	96	3.6%
Skowhegan, ME	6,341	95	5.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Carrollton, VA	6,340	121	21.1%
Wilmore, KY	6,339	96	3.9%
Swarthmore, PA	6,339	133	33.4%
Braidwood, IL	6,338	101	0.9%
Rockaway, NJ	6,345	124	23.5%
Skowhegan, ME	6,341	95	5.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Skowhegan, ME