Cost of Living in Winslow, ME

With a cost of living index of 81, Winslow, 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. Winslow is a smaller community of 5,701 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Winslow's cost of living. The median monthly rent is $953 (28% below the US median of $1,319), and the median home value sits at $200,100 (34% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Winslow is $56,506, which is 25% lower than the national median of $75,149. Residents spend roughly 20% 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 Winslow. The area sees an average annual temperature of 46.1°F, with summers averaging 68°F and winters around 24°F. Annual rainfall totals 41.8 inches spread over roughly 137 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.