Cost of Living in Lake Arrowhead, ME
Population 3,273 · Maine · Data vintage 2023
(100 = US avg)
Buyers in Lake Arrowhead can reasonably expect a home to cost less than three years of household income — $226,000 against $84,221 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.
Geographically, Lake Arrowhead is about 60 miles northeast of Manchester, the nearest large metro. Median home values run roughly 33% lower than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Arrowhead
The median home value in Lake Arrowhead is $226,400 — 26% below the national median of $305,000. Median rent runs $2,120/month, 61% higher than the national median of $1,314/month. The median household income of $84,221/year is 13% higher than the US median of $74,580. The local unemployment rate is 1.8%, 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%. Overall, Lake Arrowhead has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
Lake Arrowhead has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Arrowhead, ME?
Lake Arrowhead has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Lake Arrowhead, ME?
The median gross rent in Lake Arrowhead is $2,120 per month based on 2023 Census data.
What is the average home price in Lake Arrowhead?
The median home value in Lake Arrowhead is $226,400 according to 2023 Census ACS data.
What is the median income in Lake Arrowhead?
The median household income in Lake Arrowhead is $84,221 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Arrowhead, ME?
The combined state and local sales tax rate in Lake Arrowhead is 5.5%. The Maine state income tax top rate is 7.2%.
Is Lake Arrowhead, ME affordable?
Lake Arrowhead is near the national average in terms of cost of living, with an index of 109 (100 = US average).
Lake Arrowhead at a Glance
- Population
- 3,273
- Median Income
- $84,221
- Home Value
- $226,400
- Median Rent
- $2,120/mo
- Unemployment
- 1.8%
- Sales Tax
- 5.5%
Nearby Cities
Explore county-level cost of living data
Maine Rankings
Similar Cost Cities
Cities in other states with comparable housing costs