Cost of Living in Grand Isle, ME

With a cost of living index of 57, Grand Isle, ME is one of the most affordable cities in the country. Living here is 43% cheaper than the national average and 30% below the Maine state average of 87. Grand Isle is a small community of 244 residents.

Housing costs are the biggest factor in Grand Isle's cost of living. The median monthly rent is $510 (61% below the US median of $1,319), and the median home value sits at $75,000 (75% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Grand Isle is $36,000, which is 52% 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 Grand Isle. The area sees an average annual temperature of 40.1°F, with summers averaging 64°F and winters around 15°F. Annual rainfall totals 32.9 inches spread over roughly 150 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.