Squirrel Island, ME Utility & Living Guide

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Tier 3 Location

Squirrel Island, ME Utility & Living Guide

Living in Squirrel Island, ME offers a unique blend of coastal living and small-town charm with a population of around 5,000 residents.

Last updated: June 26, 2026
Total Utilities$300/mo
1BR Rent$1000/mo
Sales Tax5.5%
COL Index110 (+10% above national average)
Family Score8/10
Median Home$380,000
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⚠️ Natural Hazard History — Squirrel Island
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$150/mo

Central Maine Power
🔥 Gas

N/A - Electric only
💧 Water

$50/mo

Squirrel Island Water District
🗑️ Garbage

$30/mo

Pine State Disposal
📶 Internet

$70/mo

Combined Average Overhead $300/month

Housing Market

Rent & Property
1 Bedroom$1000/mo
2 Bedrooms$1400/mo
3 Bedrooms$2000/mo
Median Home Price$380,000
Property Tax Rate1.1%
Avg Childcare/mo$1200

The housing market in Squirrel Island is characterized by a mix of seasonal and year-round homes, with prices ranging from affordable to luxury. The island’s limited inventory and high demand drive up prices. Rentals are scarce, especially during peak season.

Cost of Living

Overall COL Index

110

US national avg = 100
vs National Avg

+10% above national average

Groceries

105

Transportation

90

Healthcare

95

Childcare/mo

$1200

Tax Rates

Tax Overview
Total Sales Tax5.5%
Property Tax Rate1.1%
<p>State 5.5% + no county or city tax</p>

Maine state income tax ranges from 5.2% to 7.95%, with no local income tax

Family & Relocation

Family Vibe Score
8/10
Safety Index

60

Higher = safer
School Rating

7.5/10

GreatSchools avg
Avg Childcare

$1200/mo

City Pulse

Population Trend
+2% (growing)
Political Climate
Purple description, with a mix of conservative and liberal views
Business Momentum
Moderate, with key industries in tourism, hospitality, and sustainable energy
Top Local Concerns
Environmental conservation, affordable housing, and infrastructure development
🚌 Transit for Families

The island has limited public transportation, but most areas are walkable and bikeable, with some stroller-friendly sidewalks and paths.

🎡 Top Kid Attractions
  • 🎯
    Squirrel Island Beach
  • 🎯
    Boothbay Harbor Aquarium
  • 🎯
    Pemaquid Point Lighthouse

Best Neighborhoods for Families

The island's western shore offers stunning sunsets and easy access to the beach, while the eastern shore provides a more secluded and natural experience. The village center has a charming mix of shops, restaurants, and community events.

Household Budget Calculator

Estimate your real monthly cost of living in Squirrel Island based on your household profile.

Local Briefing & Neighborhood Pulse

Live Local News

Strict zoning laws and environmental regulations protect the island’s natural beauty and character.

Squirrel Island's economy is driven by tourism and seasonal rentals, with a growing trend towards sustainable and eco-friendly businesses. The island's unique charm and limited inventory drive up property values and rental prices.

Financial Tools

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📊 Squirrel Island — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

☀️ Seasonal Utility Costs

Utility costs in Squirrel Island fluctuate significantly with the seasons, with higher electricity bills in the summer due to air conditioning and higher heating oil bills in the winter. Residents can expect to pay around 20% more for utilities during the peak summer and winter months.

🏛️ Local Tax Details

The ZIP code 04570 has a property tax millage rate of 12.5, with no local surtaxes. Lincoln County, where Squirrel Island is located, has a relatively low tax burden compared to other parts of Maine.

👶 Family & Stroller Friendliness

Score 7/10: while the island has some stroller-friendly sidewalks and paths, the lack of public transportation and limited accessibility in some areas can make it challenging for families with strollers.

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