Housing costs in Hermon?
A typical home costs
$293,400, which is 13.2% less expensive than the national average of
$338,100 and 12.2% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Hermon 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 Hermon?
To live comfortably in Hermon, Maine, a minimum annual income of
$56,160 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Hermon?
The cost of living in Hermon, ME is fairly moderate compared to other areas of the state. The median home price in the area is around $170,000, making it an affordable option for many homeowners. The median household income is around $67,000 annually as well, providing residents with an average standard of living. Utilities are also relatively low when compared to other parts of Maine and the overall cost of living index is only slightly above the national average. Overall, Hermon offers a reasonable cost of living and plenty of opportunities for those who would like to live in a quiet rural area close to larger towns and cities in Maine.