Cost of Living in Newcastle, ME
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
131.3
100 = national avg
+31.3 vs national average
Living Wage (1 Adult)
$57,756
per year
Living Wage (Family of 4)
$136,515
per year
Cost Index by Category
Housing164.3
Food108.4
Transportation116.8
Healthcare106.7
Utilities117.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,280
per month
2 Bedroom
$1,403
per month
The overall cost of living index in Newcastle is 131.3, which is 31.3% above the national average. Housing costs are above the national average at an index of 164.3. A single adult needs to earn approximately $57,756 per year to cover basic expenses.