Housing costs in New Gloucester?
A typical home costs
$378,300, which is 11.9% more expensive than the national average of
$338,100 and 13.3% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in New Gloucester costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 22.4% more than the state average of
$1,250.
Can I afford New Gloucester?
To live comfortably in New Gloucester, Maine, a minimum annual income of
$72,360 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about New Gloucester?
New Gloucester, ME is an affordable place to live, with the cost of living being 3% lower than the national average. Housing costs are generally low, with median home prices at around $180,000 and median rent at $1,200 per month. Groceries are reasonably priced as well, and there are plenty of restaurants and grocery stores throughout the city. Transportation costs are also low in New Gloucester, given that the city is fairly small; public transportation is available in some areas but most residents rely on personal vehicles for getting around town. Overall, living in New Gloucester can be done without breaking the bank.