Zip 04346 (Randolph, ME) Cost of Living


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How much do I need to live in Randolph, Maine?
$3,660 / month
for a family, 32.2% less expensive than the national average A total of $43,920 for the year for a family.
$2,567 / month
for a single person, 46.2% less expensive than the national average A total of $30,800 for the year for a single person.

Randolph cost of living score
88.6
Less expensive
11.4% lower
than the US average
8.7% lower
than the Maine average
Randolph (zip 04346), 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 04346 (Randolph, ME)

Housing costs in Randolph?
A typical home costs $229,700, which is 32.1% less expensive than the national average of $338,100 and 31.2% less expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Randolph costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and 27.6% cheaper than the state average of $1,250.

Can I afford Randolph?
To live comfortably in Randolph (zip 04346), Maine, a minimum annual income of $43,920 for a family, and $30,800 for a single person is recommended.

What does A.I. say about Randolph?
Living in 04346 Randolph, ME comes with a cost. The cost of living is 5.6% higher than the national average and housing prices are 9% higher than the national average. The median home value here is $212,100 which is well above the state median of $199,000. Renters will find that the median rent price in this area is $1,260 per month which is slightly higher than the national median of $1,153 per month. Utility costs are also higher than surrounding areas and the sales tax rate stands at 5.5%. However, income taxes for residents of 04346 Randolph, ME are lower than the national average as only 7% of income over $2,000 must be paid to the state government.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRandolphMaineUnited States
    Unlock97.0100.0
  103.9  Unlock100.0
    Unlock96.5100.0
  70.0  Unlock100.0
    Unlock$334,000$338,100
  106.2  Unlock100.0
    Unlock79.2100.0
  90.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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