Cost of Living in Chisholm, ME

With a cost of living index of 68, Chisholm, ME is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 18% below the Maine state average of 87. Chisholm is a small community of 1,115 residents.

Housing costs are the biggest factor in Chisholm's cost of living. The median monthly rent is $734 (44% below the US median of $1,319), and the median home value sits at $131,000 (57% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Chisholm is $59,524, which is 21% lower than the national median of $75,149. Residents spend roughly 15% 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 Chisholm. The area sees an average annual temperature of 46.1°F, with summers averaging 68°F and winters around 24°F. Annual rainfall totals 41.8 inches spread over roughly 137 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.