Gray, ME vs Richmond, ME
There is a significant gap in the cost of living between these two cities. Richmond is 19.5% cheaper than Gray. With a cost index of 85 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Richmond to Gray should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Gray are $312,000 compared to $221,600 in Richmond, a 41% gap.
Median household income in Gray is $125,838 compared to $72,036 in Richmond (+74.7%). While Gray is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
Climate-wise, both cities share similar average temperatures (47.5°F vs 45.9°F). Gray receives more rainfall at 48.1" per year compared to 46.7" in Richmond.
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Climate
NOAA 30-year normals (1991-2020)