Cost of Living in Limestone, ME

With a cost of living index of 60, Limestone, ME is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 26% below the Maine state average of 87. Limestone is a small community of 1,120 residents.

Housing costs are the biggest factor in Limestone's cost of living. The median monthly rent is $580 (56% below the US median of $1,319), and the median home value sits at $91,500 (70% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Limestone is $39,667, which is 47% lower than the national median of $75,149. Residents spend roughly 18% 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 Limestone. The area sees an average annual temperature of 38.6°F, with summers averaging 62°F and winters around 13°F. Annual rainfall totals 43.1 inches spread over roughly 179 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.