Cost of Living in Hollis, ME

Population 4,824 · Maine · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Hollis a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $307,000. An unemployment rate of 1.9% points to a labor market well on the tight side of the national distribution.

Geographically, Hollis is about 60 miles northeast of Manchester, the nearest large metro. Median home values run roughly 9% lower than Manchester's $336,000.

Cost Overview

Housing 101
Rent 87

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hollis

The median home value in Hollis is $306,900 — 1% above the national median of $305,000. Median rent runs $1,142/month, 13% lower than the national median of $1,314/month. The median household income of $81,250/year is 9% higher than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. Maine's top state income tax rate is 7.2% and the combined sales tax is 5.5%. The climate averages highs of 56.4°F and lows of 38.6°F, with about 68.7" of annual snowfall. Overall, Hollis has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$306,900
1% above avg
Median Rent
$1,142/mo
13% below avg
Price-to-Rent Ratio
22.4x
Favors renting
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,352
1 BR
$1,528
2 BR
$1,971
3 BR
$2,552
4 BR
$3,310
Owner-occupied 88.3%
Renter-occupied 11.7%

💰 Estimated Monthly Budget

Rent median rent
$1,142
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,756/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.3 min
9% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.4%

Commute Mode

Drove alone
74.9%
Carpooled
7.4%
Walked
1.4%
Work from home
15.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.2%
Total Sales Tax 5.5%
State rate 5.5%
Avg local rate 0.0%
Property Tax 1.4%

💼 Income & Employment

Median Household Income
$81,250
9% above avg
Per Capita Income
$39,825
Unemployment Rate
1.9%
61% below avg
Poverty Rate
6.8%
Labor Force Participation
57.7%

🎓 Education

Bachelor's degree+ 20.6%
Graduate degree 6.7%

👥 Demographics

Median Age 45.4
Male median age 43.3
Female median age 47.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.4°F
Avg Low
38.6°F
Annual Precip
48.1"
Annual Snowfall
68.7"
10° 28° 45° 63° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323542546474807971604838
Low °F 161726354655616052413222
Precip" 3.503.544.084.413.674.153.433.573.775.254.254.50
Snow" 18.616.613.62.80.00.00.00.00.00.22.314.6

Frequently Asked Questions

What is the cost of living in Hollis, ME?

Hollis has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in Hollis, ME?

The median gross rent in Hollis is $1,142 per month based on 2023 Census data.

What is the average home price in Hollis?

The median home value in Hollis is $306,900 according to 2023 Census ACS data.

What is the median income in Hollis?

The median household income in Hollis is $81,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Hollis, ME?

The combined state and local sales tax rate in Hollis is 5.5%. The Maine state income tax top rate is 7.2%.

Is Hollis, ME affordable?

Hollis is near the national average in terms of cost of living, with an index of 95 (100 = US average).

What is the weather like in Hollis?

Hollis has average high temperatures of 56.4°F and average lows of 38.6°F. Annual precipitation is 48.1". Average annual snowfall is 68.7". Data from NOAA 1991–2020 Climate Normals.

Hollis at a Glance

Population
4,824
Median Income
$81,250
Home Value
$306,900
Median Rent
$1,142/mo
Unemployment
1.9%
Avg High Temp
56.4°F
Sales Tax
5.5%
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Explore county-level cost of living data

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