Housing costs in Lake Arrowhead?
A typical home costs
$191,000, which is 43.5% less expensive than the national average of
$338,100 and 42.8% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Lake Arrowhead costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 16.7% more than the state average of
$1,250.
Can I afford Lake Arrowhead?
To live comfortably in Lake Arrowhead, Maine, a minimum annual income of
$36,720 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Lake Arrowhead?
The cost of living in Lake Arrowhead, ME is quite reasonable compared to many other rural areas. The median home price is very affordable at just $150,000 and the cost of groceries and other essentials are on par with the national average. Property taxes are moderate and unemployment rates are low, making it an attractive location for those looking for a pleasant place to live without breaking the bank. Additionally, there is no sales tax in Maine which adds to its affordability. With its abundance of outdoor recreation opportunities, Lake Arrowhead is an ideal place for people looking for a relaxed lifestyle while still having access to all the necessities.