Zip 04259 (Monmouth, ME) Cost of Living

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Monmouth cost of living score
Less expensive
11.4% lower
than the US average
8.7% lower
than the Maine average
Monmouth (zip 04259), Maine gets a BestPlaces Cost of Living score of 88.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.4% lower than the U.S. average and 8.7% higher than the average for Maine.

Zip 04259 (Monmouth, ME)

Housing costs in Monmouth?
A typical home costs $309,500, which is 8.5% less expensive than the national average of $338,100 and 7.3% less expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Monmouth costs $950 per month, which is 33.6% cheaper than the national average of $1,430 and 31.6% cheaper than the state average of $1,250.

Can I afford Monmouth?
To live comfortably in Monmouth (zip 04259), Maine, a minimum annual income of $59,400 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Monmouth?
The cost of living in 04259 Monmouth, ME is relatively low compared to other areas of the country. The median household income is about $44,840, which is well below the national average. Rent for a two-bedroom apartment averages about $800 per month, and groceries and utilities are also reasonably priced. Additionally, Monmouth has no sales tax, providing even greater savings for its residents. Overall, the low cost of living makes Monmouth an ideal location for those looking to stretch their budget while also having access to the beauty of Maine's natural landscape and outdoor recreation opportunities.
   Cost of living score
     CategoriesMonmouthMaineUnited States

   100=National Average

   Average Rent by Bedroom Size