Housing costs in Monmouth?
A typical home costs
$308,000, which is 8.9% less expensive than the national average of
$338,100 and 7.8% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Monmouth costs
$950 per month, which is 33.6% more than the national average of
$1,430 and 31.6% more than the state average of
$1,250.
Can I afford Monmouth?
To live comfortably in Monmouth, Maine, a minimum annual income of
$59,040 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Monmouth?
The cost of living in Monmouth, ME is relatively low compared to other areas in the state. The median home value is just over $144,000 and the median household income is $53,343. These figures reflect a lower cost of living than other nearby towns and cities. Utility costs are also reasonable, with average electricity costing only about $100 per month for a family of four. Overall, Monmouth offers a comfortable and affordable place to live that still has access to all the amenities one might need.