Housing costs in Cape Elizabeth?
A typical home costs
$750,500, which is 122.0% more expensive than the national average of
$338,100 and 124.7% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Cape Elizabeth costs
$2,040 per month, which is 42.7% more than the national average of
$1,430 and 38.7% more than the state average of
$1,250.
Can I afford Cape Elizabeth?
To live comfortably in Cape Elizabeth, Maine, a minimum annual income of
$143,640 for a family, and
$63,200 for a single person is recommended.
What does A.I. say about Cape Elizabeth?
The cost of living in Cape Elizabeth, ME is higher than the national average, but not overwhelmingly so. Home prices are similarly expensive as well with a median value of $392,800. However, utilities are relatively cheap compared to other places in the US due to the presence of low-cost electricity and natural gas from the nearby hydroelectric dams on the Androscoggin River. Overall, it may be more expensive to live in Cape Elizabeth than other parts of Maine or even New England for that matter, but quality of life is high and residents enjoy access to many amenities and services.