Farmington, ME, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Farmington stands at 89, which is 11% below the national average of 100. This reduction is primarily due to the housing and transportation costs, which are 20% and 15% lower, respectively.
Despite these savings, some categories like groceries and utilities remain close to the national average, with indices of 95 and 90. This balanced cost of living makes Farmington an attractive option for those seeking affordability without significant trade-offs.
Farmington, ME, presents a cost of living that is notably lower than the nationwide average. The housing index, for example, stands at 80, which is 20% below the average. This means that housing costs in Farmington are significantly less expensive than in many other areas across the country. For those considering a move, this lower housing index can be a significant advantage, offering the potential to save a considerable amount on monthly expenses.
In addition to housing, other cost categories in Farmington also reflect a lower cost of living. Groceries, utilities, and transportation each have indices of 95, 90, and 85, respectively. These figures indicate that these expenses are only slightly below the national average, with groceries at 5% less, utilities at 10% less, and transportation at 15% less. Healthcare costs in Farmington match the national average at 100, providing no additional savings or costs in this area. Overall, the miscellaneous category, with an index of 92, shows a modest 8% reduction in costs. This comprehensive picture suggests that Farmington offers a more affordable lifestyle in several key areas compared to the national average.
