Housing costs in Portland-South Portland?
A typical home costs
$445,100, which is 31.6% more expensive than the national average of
$338,100 and 33.3% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Portland-South Portland costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 22.4% more than the state average of
$1,250.
Can I afford Portland-South Portland?
To live comfortably in Portland-South Portland Ma Metro Area, Maine, a minimum annual income of
$85,320 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Portland-South Portland?
The cost of living in the Portland-South Portland, ME Metro Area is significantly higher than the US average. According to data, the Cost of Living Index in this area is 110.3 while the US average Cost of Living Index is 100. This higher cost of living reflects in the median value of houses in this area which is currently $445100, compared to the US average house value of $338,100.