Zip 04050 (Long Island, ME) Cost of Living


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How much do I need to live in Long Island, Maine?
$8,010 / month
for a family, 48.3% more expensive than the national average A total of $96,120 for the year for a family.
$5,000 / month
for a single person, 4.9% more expensive than the national average A total of $60,000 for the year for a single person.

Long Island cost of living score
112.5
More expensive
12.5% higher
than the US average
16.0% higher
than the Maine average
Long Island (zip 04050), Maine gets a BestPlaces Cost of Living score of 112.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.5% higher than the U.S. average and 16.0% higher than the average for Maine.

Zip 04050 (Long Island, ME)

Housing costs in Long Island?
A typical home costs $500,900, which is 48.2% more expensive than the national average of $338,100 and 50.0% more expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Long Island costs $1,940 per month, which is 35.7% more than the national average of $1,430 and 35.6% more than the state average of $1,250.

Can I afford Long Island?
To live comfortably in Long Island (zip 04050), Maine, a minimum annual income of $96,120 for a family, and $60,000 for a single person is recommended.

What does A.I. say about Long Island?
The cost of living in 04050 Long Island, ME is quite low compared to other parts of the country. The median home cost is approximately $148,000, much lower than the national average of over $200,000. Additionally, groceries and healthcare costs are also significantly lower than the national average. Property taxes are also very reasonable in this area making it an ideal place for retirees or those looking for a more affordable lifestyle. All in all, living in 04050 Long Island can be a great way to enjoy a more relaxed lifestyle without having to worry about high costs associated with other cities and towns across the United States.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLong IslandMaineUnited States
    Unlock97.0100.0
  114.9  Unlock100.0
    Unlock96.5100.0
  194.6  Unlock100.0
    Unlock$334,000$338,100
  102.7  Unlock100.0
    Unlock79.2100.0
  113.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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