Cost of Living in Fryeburg, ME

With a cost of living index of 84, Fryeburg, ME is a very affordable place to live. Living here is 16% cheaper than the national average and 3% below the Maine state average of 87. Fryeburg is a small community of 1,665 residents.

Housing costs are the biggest factor in Fryeburg's cost of living. The median monthly rent is $869 (34% below the US median of $1,319), and the median home value sits at $268,100 (12% below the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Fryeburg is $61,944, which is 18% lower than the national median of $75,149. Residents spend roughly 17% 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 Fryeburg. The area sees an average annual temperature of 44.7°F, with summers averaging 67°F and winters around 22°F. Annual rainfall totals 46.9 inches spread over roughly 144 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.