Cost of Living in Bucksport, ME

With a cost of living index of 75, Bucksport, ME is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 12% below the Maine state average of 87. Bucksport is a small community of 3,140 residents.

Housing costs are the biggest factor in Bucksport's cost of living. The median monthly rent is $780 (41% below the US median of $1,319), and the median home value sits at $193,800 (36% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bucksport is $58,644, which is 22% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Bucksport. The area sees an average annual temperature of 45°F, with summers averaging 67°F and winters around 22°F. Annual rainfall totals 41.7 inches spread over roughly 134 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.