Zip 04357 (Richmond, ME) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Richmond, Maine?
$4,290 / month
for a family, 20.6% less expensive than the national average A total of $51,480 for the year for a family.
$3,267 / month
for a single person, 31.5% less expensive than the national average A total of $39,200 for the year for a single person.

Richmond cost of living score
94.8
Less expensive
5.2% lower
than the US average
2.3% lower
than the Maine average
Richmond (zip 04357), Maine gets a BestPlaces Cost of Living score of 94.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.2% lower than the U.S. average and 2.3% higher than the average for Maine.

Zip 04357 (Richmond, ME)

Housing costs in Richmond?
A typical home costs $269,100, which is 20.4% less expensive than the national average of $338,100 and 19.4% less expensive than the average Maine home, at $334,000. Renting a two-bedroom unit in Richmond costs $1,190 per month, which is 16.8% cheaper than the national average of $1,430 and 5.0% cheaper than the state average of $1,250.

Can I afford Richmond?
To live comfortably in Richmond (zip 04357), Maine, a minimum annual income of $51,480 for a family, and $39,200 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in 04357 Richmond, ME is relatively affordable compared to other parts of the state. The median home value is $169,400 which is slightly lower than the average for Maine overall. Additionally, the cost of groceries and health care are both below the national average while utilities tend to be slightly higher. Despite this, overall expenses in the area are still quite reasonable and Richmond remains one of the most affordable places to live in Maine.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRichmondMaineUnited States
  94.897.0100.0
  106.1107.1100
  90.796.5100.0
  72.7103.4100.0
  $269,100$334,000$338,100
  106.2103.6100
  90.079.2100.0
  111.992.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.