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Cost of Living in Wiscasset, ME

Population: 1,273 | Maine

104
Cost of Living Index
US Average = 100

Wiscasset is 4% more expensive than the national average.

115
Housing
92
Home Values
101
Regional Price

Cost of Living in Wiscasset, ME: What You Need to Know

With a cost of living index of 104, Wiscasset, ME is somewhat more expensive than average. Living here is 4% more expensive than the national average and 18% above the Maine state average of 87. Wiscasset is a small community of 1,273 residents.

Housing costs are the biggest factor in Wiscasset's cost of living. The median monthly rent is $1,517 (15% above the US median of $1,319), and the median home value sits at $281,700 (8% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Wiscasset is $91,477, which is 22% higher 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.

Climate is another factor for anyone considering a move to Wiscasset. The area sees an average annual temperature of 45.9°F, with summers averaging 66°F and winters around 25°F. Annual rainfall totals 46.7 inches spread over roughly 147 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
$91,477
vs US Median ($75,149)
+22%

Housing

Median Rent
$1,517/mo
Median Home Value
$281,700
Median Monthly Housing Cost
$1,229/mo

Climate in Wiscasset

NOAA 30-year normals (1991-2020)

45.9°F
Avg Temperature
46.7"
Rainfall / Year
147d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 32 35 43 54 65 74 79 79 71 59 48 38
Avg °F 22 24 33 43 54 63 69 68 60 49 39 29
Low °F 12 14 23 33 42 52 58 57 49 38 29 20
Rain" 3.5 3.1 3.8 3.9 3.5 4.5 3.4 3.1 4.2 5.1 4.5 4.2

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