Monhegan Plantation, ME Economy

Monhegan, ME is a beautiful coastal island town with a population of about 70 people. The housing market here is quite expensive, as two bedroom rentals can cost up to $1,930 compared to the national average of just $1,430. This high price also extends to groceries - the Grocery Cost Index in Monhegan is 115 versus 100 in the US. Despite this, Monhegan remains an excellent location for small businesses. Local companies include the Monhegan Brewing Co., which offers delicious craft beer made from local ingredients, and Monhegan Books & Gifts, which stocks a variety of books and goods crafted by local artisans. All in all, while living in Monhegan can be expensive at first glance, the opportunity to live and work among such natural beauty makes it well worth it.