Housing costs in Lincoln?
A typical home costs
$175,900, which is 48.0% less expensive than the national average of
$338,100 and 47.3% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Lincoln costs
$980 per month, which is 31.5% more than the national average of
$1,430 and 27.6% more than the state average of
$1,250.
Can I afford Lincoln?
To live comfortably in Lincoln, Maine, a minimum annual income of
$33,840 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in Lincoln, ME is relatively low compared to larger cities and other parts of the United States. The median home price in Lincoln is $109,000, which is significantly lower than the national average of $210,000. Additionally, the cost of living index for Lincoln is 85.2 which is almost 15 points lower than the national average. This means that it costs less to buy groceries, gasoline, utilities, housing, and other necessities in Lincoln than it does across America as a whole. Of course there are always exceptions to this rule depending on individual needs or lifestyles but overall it can be said that life in Lincoln is affordable for most people.