Cost of Living in Veazie, ME

With a cost of living index of 90, Veazie, ME is a very affordable place to live. Living here is 10% cheaper than the national average and 3% above the Maine state average of 87. Veazie is a small community of 1,866 residents.

Housing costs are the biggest factor in Veazie's cost of living. The median monthly rent is $1,103 (16% below the US median of $1,319), and the median home value sits at $294,600 (3% below the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Veazie is $78,182, which is 4% higher 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.

Climate is another factor for anyone considering a move to Veazie. The area sees an average annual temperature of 43.2°F, with summers averaging 65°F and winters around 20°F. Annual rainfall totals 44.4 inches spread over roughly 147 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Bangor, ME (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.