Caribou, ME Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Caribou, ME Summary

Cost of living in Caribou research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Caribou is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Maine, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Caribou is 93, with 100 being the average.

  • The cost of living index in Caribou is 0.9x lower than the national average.

  • Caribou ranks as the #2 cheapest in Maine out of 29.

  • Caribou ranks as the #2,137 cheapest out of 6,412 in the US.

  • The median home value in Caribou is $99,300.

  • The median income in Caribou is $43,967.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
93
Caribou's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Caribou, ME?

According to the most recent data on the cost of living, Caribou has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.

Compared to Maine, Caribou has a cost of living index that's 0.8x lower than Maine's index of 112.

The standard of living in Caribou ranks as #2 most affordable out of the 29 places we measured in Maine. By definition, that implies Caribou ranks as the #27 most expensive place in the Pine Tree State.

For more reading on life in Caribou, check out:

2 out of 29
In Maine
2,137 out of 6,412
In America

Caribou Cost Of Living Vs. Maine

Six factors go into calculating the cost of living index in Caribou. Here is how it fairs on each of the criteria:

  • The Services index in Caribou is 109.

  • The Groceries index in Caribou is 102.

  • The Health index in Caribou is 115.

  • The Housing index in Caribou is 51.

  • The Transportation index in Caribou is 103.

  • The Utilities index in Caribou is 108.

Living Expense Caribou Maine National Average
Overall 93 112 100
Services 109 114 100
Groceries 102 101 100
Health 115 97 100
Housing 51 120 100
Transportation 103 116 100
Utilities 108 104 100
For more reading on cost of living around Maine, check out:
Caribou Cost of Living Vs. ME

Caribou, ME Housing Cost Breakdown

Housing swings affordability the most between places in Maine, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Caribou is $99,300.

  • The Median Rent in Caribou is $628.

  • The Median Income in Caribou is $43,967.

  • The Home Value To Income in Caribou is 2.3x.

  • The Rent To Monthly Income in Caribou is 0.17x.

Statistic Caribou Maine United States
Median Home Value $99,300 $212,100 $244,900
Median Rent $628 $927 $1,163
Median Income $43,967 $63,182 $69,021
Home Value To Income 2.3x 3.4x 3.5x
Rent To Monthly Income 0.17x 0.18x 0.2x
Search Homes For Sale In Caribou, ME
$99,300
Median Home Value
$628
Median Rent
$43,967
Median Income

Caribou, ME Costs By Category

Detailed Caribou Services Costs Vs. Maine

Item Caribou Maine
Shampoo $0.99 $1.06
Movie $11.3 $10.68
Bowling $14.83 $14.67
Haircut $26.0 $18.62
Beauty Salon $46.33 $39.05

Detailed Caribou Groceries Costs Vs. Maine

Item Caribou Maine
Ground Beef $3.46 $4.22
Fried Chicken $1.34 $1.39
Milk $2.34 $2.05
Potatoes $3.74 $3.29
Pizza $11.09 $10.62
Beer $10.74 $9.38
Toothpaste $2.67 $2.34

Detailed Caribou Health Costs Vs. Maine

Item Caribou Maine
Optometrist $148.43 $108.57
Doctor $151.95 $116.17
Dentist $107.57 $99.13

Detailed Caribou Transportation Costs Vs. Maine

Item Caribou Maine
Gasoline $2.19 $2.22
Tire Balancing $53.63 $50.07

Detailed Caribou Utilities Costs Vs. Maine

Item Caribou Maine
All Electricity $200.33 $167.67
Phone $171.07 $175.64

Caribou SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
4
Affordability
8.5
Diversity
3
Safety
8
Amenities
6
Education
7
Commute
9.5

Cost Of Living In Cities Around Caribou

The cost of living varies in the cities and towns around Caribou. Here's a quick look at the cost of living in the most populous nearby places:

  • Chico, CA has a cost of living index of 121, 1.3x Caribou.

  • La Porte, IN has a cost of living index of 83, 0.9x Caribou.

  • Oroville, CA has a cost of living index of 104, 1.1x Caribou.

City Population Cost Of Living Vs. Caribou
Chico, CA 103,898 121 1.3x
La Porte, IN 21,993 83 0.9x
Oroville, CA 20,409 104 1.1x
Susanville, CA 16,305 101 1.1x
Magalia, CA 10,537 110 1.2x
Paradise, CA 7,730 113 1.2x
Thermalito, CA 6,665 108 1.2x
Durham, CA 5,989 134 1.4x
Palermo, CA 5,387 109 1.2x

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