Cost of Living in Hallowell, ME
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.3
100 = national avg
+1.3 vs national average
Living Wage (1 Adult)
$44,570
per year
Living Wage (Family of 4)
$105,348
per year
Cost Index by Category
Housing115.6
Food95.0
Transportation89.9
Healthcare96.0
Utilities100.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,090
per month
2 Bedroom
$1,416
per month
The overall cost of living index in Hallowell is 101.3, which is 1.3% above the national average. Housing costs are above the national average at an index of 115.6. A single adult needs to earn approximately $44,570 per year to cover basic expenses.