Housing costs in Old Orchard Beach?
A typical home costs
$417,400, which is 23.5% more expensive than the national average of
$338,100 and 25.0% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Old Orchard Beach costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 17.2% more than the state average of
$1,250.
Can I afford Old Orchard Beach?
To live comfortably in Old Orchard Beach, Maine, a minimum annual income of
$79,920 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Old Orchard Beach?
The cost of living in Old Orchard Beach, ME is slightly higher than the national average, but still quite affordable. The median home value is $223,000 and the median household income is just over $50,000. Compared to nearby cities like Portland and Scarborough, housing costs are lower, making it an attractive option for those looking for a more affordable area to live in. Additionally, with its close proximity to the beach and other attractions, Old Orchard Beach can be a great place to settle down. Utilities also tend to be low in Old Orchard Beach as well. All these factors combine to make this an attractive proposition for those looking for an inexpensive place to call home.