Housing costs in Caribou?
A typical home costs
$146,600, which is 56.6% less expensive than the national average of
$338,100 and 56.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Caribou costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 52.4% cheaper than the state average of
$1,250.
Can I afford Caribou?
To live comfortably in Caribou, Maine, a minimum annual income of
$28,080 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Caribou?
The cost of living in Caribou, ME is relatively affordable. According to BestPlaces, the cost of living index in the city is 62.93, which is lower than the national average of 100. Rent prices range from about $500 for a one bedroom apartment to around $950 for a three bedroom unit. Additionally, utility bills are typically quite inexpensive, with electricity costing an average of just over $100 per month and heating averaging around $155 per month annually. Groceries tend to be more expensive than elsewhere in the state but still remain relatively affordable compared to other parts of the country. Overall, the cost of living in Caribou is very reasonable and makes it an ideal spot for those looking for a value-oriented place to call home.