The cost of living index in Wells, ME shows that housing is 30% lower than the nationwide average. When compared to the national benchmark of 100, Wells offers an affordable housing market. The miscellaneous costs are also 12% below the national average, making everyday expenses more manageable for residents. Groceries and utilities stand slightly below the average, at 95 and 90, respectively. Transportation costs are 15% below the national average, offering more budget-friendly commuting options. Healthcare costs are on par with the national average at 100. Overall, residents of Wells benefit from lower living expenses in several key areas.
The cost of living in Wells, Maine, reflects a generally lower standard of living compared to the nationwide average, which is set at 100. The housing index in Wells stands at 70, indicating that housing costs are 30% less than the average. This makes it an affordable option for many looking to settle down in a more budget-friendly environment.
The transportation index in Wells is 85, which means transportation expenses are 15% below the national average. This affordability is further supported by the utilities index at 90, which is just 10% above average. Groceries, at 95, also remain close to the national average with only a 5% difference, suggesting minimal additional cost in this essential category. While healthcare costs in Wells are equal to the national average at 100, the overall lower cost of living in areas like housing and utilities offers a balanced living experience that could appeal to many individuals and families.
