Waterville, ME Cost Of Living
Cost Of Living In Waterville, ME Summary
Cost of living in Waterville 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 Waterville 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 Waterville is 97, with 100 being the average.
The cost of living index in Waterville is 1.0x lower than the national average.
Waterville ranks as the #5 cheapest in Maine out of 30.
Waterville ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Waterville is $247,812.
The median income in Waterville is $47,489.
Table Of Contents
Waterville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Waterville, ME?
According to the most recent data on the cost of living, Waterville has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Maine, Waterville has a cost of living index that's 1.0x lower than Maine's index of 101.
The standard of living in Waterville ranks as #5 most affordable out of the 30 places we measured in Maine. By definition, that implies Waterville ranks as the #25 most expensive place in the Pine Tree State.
For more reading on life in Waterville, check out:
In Maine
In America
Waterville Cost Of Living Vs. Maine
Six factors go into calculating the cost of living index in Waterville. Here is how it fairs on each of the criteria:
The Services index in Waterville is 107.
The Groceries index in Waterville is 102.
The Health index in Waterville is 105.
The Housing index in Waterville is 72.
The Transportation index in Waterville is 107.
The Utilities index in Waterville is 109.
| Living Expense | Waterville | Maine | National Average | |
|---|---|---|---|---|
| Overall | 97 | 101 | 100 | |
| Services | 107 | 110 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 105 | 104 | 100 | |
| Housing | 72 | 90 | 100 | |
| Transportation | 107 | 108 | 100 | |
| Utilities | 109 | 105 | 100 | |
Waterville, 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 2019-2023. The key points are:
The Median Home Value in Waterville is $247,812.
The Median Rent in Waterville is $957.
The Median Income in Waterville is $47,489.
The Home Value To Income in Waterville is 5.2x.
The Rent To Monthly Income in Waterville is 0.24x.
| Statistic | Waterville | Maine | United States |
|---|---|---|---|
| Median Home Value | $247,812 | $410,916 | $303,400 |
| Median Rent | $957 | $1,084 | $1,348 |
| Median Income | $47,489 | $71,773 | $78,538 |
| Home Value To Income | 5.2x | 5.7x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Waterville, ME Costs By Category
Detailed Waterville Services Costs Vs. Maine
| Item | Waterville | Maine |
|---|---|---|
| Shampoo | $1.17 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $17.76 | $18 |
| Haircut | $28.67 | $24.26 |
| Beauty Salon | $53.03 | $45.56 |
Detailed Waterville Groceries Costs Vs. Maine
| Item | Waterville | Maine |
|---|---|---|
| Ground Beef | $5.41 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.75 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $11.93 | $12.09 |
| Beer | $10.22 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Waterville Health Costs Vs. Maine
| Item | Waterville | Maine |
|---|---|---|
| Optometrist | $170.67 | $125.68 |
| Doctor | $146.5 | $135.78 |
| Dentist | $119.58 | $113.29 |
Detailed Waterville Transportation Costs Vs. Maine
| Item | Waterville | Maine |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $76.01 | $59.92 |
Detailed Waterville Utilities Costs Vs. Maine
| Item | Waterville | Maine |
|---|---|---|
| All Electricity | $218.65 | $193.99 |
| Phone | $185.73 | $192.25 |
Waterville SnackAbility
/10
Cost Of Living In Cities Around Waterville
The cost of living varies in the cities and towns around Waterville. Here's a quick look at the cost of living in the most populous nearby places:
Bangor, ME has a cost of living index of 102, 1.1x Waterville.
Auburn, ME has a cost of living index of 104, 1.1x Waterville.
Augusta, ME has a cost of living index of 99, 1.0x Waterville.
| City | Population | Cost Of Living | Vs. Waterville |
|---|---|---|---|
| Bangor, ME | 31,663 | 102 | 1.1x |
| Auburn, ME | 24,294 | 104 | 1.1x |
| Augusta, ME | 18,999 | 99 | 1.0x |
| Brunswick, ME | 16,928 | 114 | 1.2x |
| Brewer, ME | 9,654 | 100 | 1.0x |
| Bath, ME | 8,801 | 105 | 1.1x |
| Rockland, ME | 6,991 | 100 | 1.0x |
| Belfast, ME | 6,985 | 105 | 1.1x |
| Topsham, ME | 6,962 | 111 | 1.1x |
| Skowhegan, ME | 6,638 | 94 | 1.0x |
