Housing costs in Augusta?
A typical home costs
$236,300, which is 30.1% less expensive than the national average of
$338,100 and 29.3% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Augusta costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 10.6% cheaper than the state average of
$1,250.
Can I afford Augusta?
To live comfortably in Augusta, Maine, a minimum annual income of
$45,360 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Augusta?
The cost of living in Augusta, ME is relatively low compared to other parts of the state. The most recent report from the US Department of Housing and Urban Development estimates that the median home costs around $116,400 in Augusta, which is about 18% lower than the rest of Maine. There are also a number of affordable rentals available in the area, with an average one-bedroom apartment costing around $740 per month. In addition to low housing expenses, utilities and transportation costs tend to be on the lower end as well. Overall, those looking for an affordable place to live will find a lot of value in Augusta.