Zip 04260 (New Gloucester, ME) Cost of Living

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New Gloucester cost of living score
More expensive
12.5% higher
than the US average
16.0% higher
than the Maine average
New Gloucester (zip 04260), 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 04260 (New Gloucester, ME)

Housing costs in New Gloucester?
A typical home costs $369,800, which is 9.4% more expensive than the national average of $338,100 and 10.7% more expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in New Gloucester costs $1,600 per month, which is 11.9% more than the national average of $1,430 and 21.9% more than the state average of $1,250.

Can I afford New Gloucester?
To live comfortably in New Gloucester (zip 04260), Maine, a minimum annual income of $70,920 for a family, and $49,600 for a single person is recommended.

What does A.I. say about New Gloucester?
The cost of living in 04260 New Gloucester, ME is relatively low compared to other parts of the state and country. According to BestPlaces, the city has a livability score of 79 out of 100, which is well above the national average. The median household income in 04260 is around $66,000 and the median home price is approximately $250,000. This makes it an affordable place to live for many people. Additionally, food costs are generally lower than other nearby towns and cities. Overall, 04260 New Gloucester offers a good balance between cost-effective living and quality amenities for those looking for a relatively inexpensive place to call home.
   Cost of living score
     CategoriesNew GloucesterMaineUnited States

   100=National Average

   Average Rent by Bedroom Size