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Cost of Living in Rangeley

Is it better to rent or buy in Rangeley? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$60,809
$673/mo

Median in area: $673

$418,800

Median in area: $418,800

$83,760

If you Rent

$864 /mo
Base Rent$673
Est. Utilities$191
% of Income17.1%
Pre-tax Residual$4,203

If you Buy

$2,680 /mo
P&I (6.872%)$2,200
Taxes & Ins$289
Est. Utilities$191
% of Income52.9%
Pre-tax Residual$2,387

Cost of Living FAQs

Is it cheaper to rent or buy in Rangeley?›

Based on median housing data, renting is currently more affordable on a monthly basis in Rangeley. The estimated all-in monthly cost for renting is $864, while owning a median-priced home with a 20% down payment is roughly $2,680 per month (a difference of $1,816).

How much do utilities cost in Rangeley?›

The average monthly utility cost (electricity and natural gas) for a typical home in Rangeley is approximately $191. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Rangeley?›

To comfortably afford the median rent and utilities in Rangeley without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $34,560 per year.