Cost of Living in Madawaska, ME

With a cost of living index of 66, Madawaska, ME is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 21% below the Maine state average of 87. Madawaska is a small community of 2,960 residents.

Housing costs are the biggest factor in Madawaska's cost of living. The median monthly rent is $576 (56% below the US median of $1,319), and the median home value sits at $157,400 (48% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Madawaska is $42,708, which is 43% lower than the national median of $75,149. Residents spend roughly 16% 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 Madawaska. 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.