Housing costs in Bangor?
A typical home costs
$237,200, which is 29.8% less expensive than the national average of
$338,100 and 29.0% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Bangor costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 2.5% cheaper than the state average of
$1,250.
Can I afford Bangor?
To live comfortably in Bangor, Maine, a minimum annual income of
$45,360 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Bangor?
Bangor, ME has a relatively low cost of living compared to other cities. This is because the housing market is fairly affordable, with most apartments and homes renting for under $1,000 per month or costing an average of $200,000-$300,000 to purchase. The average grocery bill in Bangor comes in around $100-150 a week for a family of four. Utility costs are also lower than average due to the cooler climate. Other services such as transportation tend to be slightly more expensive due to the city's rural location and lack of public transportation options. In total, Bangor offers residents a great quality of life at an affordable price.