Zip 04002 (Alfred, ME) Cost of Living


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How much do I need to live in Alfred, Maine?
$6,300 / month
for a family, 16.7% more expensive than the national average A total of $75,600 for the year for a family.
$3,567 / month
for a single person, 25.2% less expensive than the national average A total of $42,800 for the year for a single person.

Alfred cost of living score
109.9
More expensive
9.9% higher
than the US average
13.3% higher
than the Maine average
Alfred (zip 04002), Maine gets a BestPlaces Cost of Living score of 109.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 9.9% higher than the U.S. average and 13.3% higher than the average for Maine.

Zip 04002 (Alfred, ME)

Housing costs in Alfred?
A typical home costs $395,000, which is 16.8% more expensive than the national average of $338,100 and 18.3% more expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Alfred costs $1,350 per month, which is 5.6% cheaper than the national average of $1,430 and 7.4% more than the state average of $1,250.

Can I afford Alfred?
To live comfortably in Alfred (zip 04002), Maine, a minimum annual income of $75,600 for a family, and $42,800 for a single person is recommended.

What does A.I. say about Alfred?
The cost of living in Alfred, ME 04002 is relatively low compared to other parts of Maine and the United States. Prices for basic necessities such as groceries, housing, utilities, and healthcare are all very reasonable. Despite this affordability, Alfred residents still enjoy access to a variety of recreational activities, arts, culture and entertainment in the area. Additionally, public transportation is available in the city which makes getting around more affordable for locals. Overall, Alfred offers an ideal balance between quality of life and affordability that makes it a great place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesAlfredMaineUnited States
    Unlock97.0100.0
  108.4  Unlock100.0
    Unlock96.5100.0
  120.0  Unlock100.0
    Unlock$334,000$338,100
  99.5  Unlock100.0
    Unlock79.2100.0
  107.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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