Cost of Living in Island Falls, ME
Population: 343 | Maine
Island Falls is 19% less expensive than the national average.
Cost of Living in Island Falls, ME: What You Need to Know
With a cost of living index of 81, Island Falls, ME is a very affordable place to live. Living here is 19% cheaper than the national average and 6% below the Maine state average of 87. Island Falls is a small community of 343 residents.
The median household income in Island Falls is $53,523, which is 29% lower than the national median of $75,149. 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 Island Falls. The area sees an average annual temperature of 40.7°F, with summers averaging 64°F and winters around 16°F. Annual rainfall totals 39.3 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.
Income
- Median Household Income
- $53,523
- vs US Median ($75,149)
- -29%
Housing
- Median Home Value
- $64,200
- Median Monthly Housing Cost
- $631/mo
Climate in Island Falls
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 23 | 26 | 36 | 49 | 64 | 73 | 78 | 77 | 68 | 55 | 41 | 30 |
| Avg °F | 13 | 15 | 26 | 39 | 51 | 60 | 66 | 64 | 56 | 44 | 33 | 21 |
| Low °F | 3 | 3 | 15 | 28 | 39 | 48 | 54 | 52 | 44 | 34 | 25 | 12 |
| Rain" | 2.7 | 2.0 | 2.7 | 2.9 | 3.5 | 4.0 | 3.6 | 3.5 | 3.4 | 4.0 | 3.6 | 3.4 |