Housing costs in Belfast?
A typical home costs
$321,700, which is 4.9% less expensive than the national average of
$338,100 and 3.7% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Belfast costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 9.6% cheaper than the state average of
$1,250.
Can I afford Belfast?
To live comfortably in Belfast, Maine, a minimum annual income of
$61,560 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Belfast?
The cost of living in Belfast, ME is quite reasonable compared to other cities. The median home value is around $200,000, which is much lower than the national average of $226,300. Renters can expect to pay an average of around $1,000 per month for a one bedroom apartment. Groceries and utilities are also relatively affordable when compared with other locations in the United States. In addition, there are no state income taxes so residents keep more of their earnings. Overall, life in Belfast is quite affordable and budget conscious individuals will find great value in the area's low cost of living.