Cost of Living in Oakland, ME
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.6
100 = national avg
-16.4 vs national average
Living Wage (1 Adult)
$36,801
per year
Living Wage (Family of 4)
$86,984
per year
Cost Index by Category
Housing93.6
Food84.3
Transportation68.6
Healthcare87.4
Utilities89.3
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 Oakland is 83.6, which is 16.4% below the national average. Housing costs are below the national average at an index of 93.6. A single adult needs to earn approximately $36,801 per year to cover basic expenses.