In Topsham, ME, the cost of living index stands at 96, which is 4% below the nationwide average of 100. This slightly lower cost reflects affordability in several categories, with housing being the most significant, at 10% below the national average. While groceries, healthcare, and miscellaneous costs hover around the national average, utilities and transportation slightly underperform as well.
Despite these lower costs, the overall cost of living remains quite competitive. Housing and utilities are the primary contributors to the reduced index, making Topsham an attractive option for job seekers looking for affordable living expenses. This balanced index can provide a good quality of life with potentially lower living costs.
The cost of living in Topsham, Maine, offers a relatively balanced outlook when compared to the nationwide average, which stands at 100. Housing costs in Topsham are 90% of the national average, making it an affordable option for those looking to settle down or rent a home. This indicates that homeowners and renters could potentially save about 10% compared to the national average.
Other expenses in Topsham also remain competitive. For instance, groceries are priced at 105% of the nationwide average, showing a slight increase. Utilities, at 95%, are slightly below average, offering some savings. Transportation costs are nearly on par with the national average at 97%. Healthcare costs in Topsham align with the national average at 100%, ensuring that medical expenses remain consistent with those across the country. Miscellaneous costs, which encompass a variety of everyday expenses, are at 98%, reflecting a minor increase but still offering potential savings. Overall, Topsham presents a cost of living that is mostly beneficial for residents and job seekers.
