Cost of Living in Bingham, ME
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.8
100 = national avg
-27.2 vs national average
Living Wage (1 Adult)
$32,036
per year
Living Wage (Family of 4)
$75,721
per year
Cost Index by Category
Housing48.0
Food91.1
Transportation82.2
Healthcare92.9
Utilities84.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,083
per month
2 Bedroom
$1,266
per month
The overall cost of living index in Bingham is 72.8, which is 27.2% below the national average. Housing costs are below the national average at an index of 48.0. A single adult needs to earn approximately $32,036 per year to cover basic expenses.