Caribou, ME vs Hampden, ME
There is a significant gap in the cost of living between these two cities. Caribou is 21.3% cheaper than Hampden. With a cost index of 66 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Caribou to Hampden should plan for substantially higher expenses across most categories.
On the housing front, median rent in Caribou is $696/month compared to $985/month in Hampden — a 29% difference. Home values follow the same pattern: Caribou is more affordable at $120,300 median vs $270,100.
Median household income in Caribou is $54,271 compared to $101,417 in Hampden (-46.5%). While Hampden is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Caribou spend roughly 15.4% of their income on rent, more than the 11.7% in Hampden.
Climate-wise, Hampden is notably warmer with an average of 45°F compared to 40.7°F in Caribou. Hampden receives more rainfall at 41.7" per year compared to 40.7" in Caribou.
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Climate
NOAA 30-year normals (1991-2020)