Cape Neddick, ME vs Caribou, ME

The cost of living difference between Cape Neddick, ME and Caribou, ME is dramatic. Caribou is 112.4% cheaper than Cape Neddick, a gap that translates to thousands of dollars per year in household expenses. Cape Neddick has a cost index of 141 while Caribou sits at 66, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cape Neddick is $1,723/month compared to $696/month in Caribou — a 148% difference. Home values follow the same pattern: Caribou is more affordable at $120,300 median vs $636,100.

Median household income in Cape Neddick is $98,113 compared to $54,271 in Caribou (+80.8%). The higher salaries in Cape Neddick partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cape Neddick spend roughly 21.1% of their income on rent, more than the 15.4% in Caribou.

Climate-wise, Cape Neddick is notably warmer with an average of 47.1°F compared to 40.7°F in Caribou. Cape Neddick receives more rainfall at 47.8" per year compared to 40.7" in Caribou.