Housing costs in Sanford?
A typical home costs
$308,800, which is 8.7% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Sanford costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,250.
Can I afford Sanford?
To live comfortably in Sanford, Maine, a minimum annual income of
$59,040 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Sanford?
The cost of living in Sanford, ME is relatively high compared to other parts of the country. According to Sperling’s Best Places, Sanford has a cost of living index (COLI) score of 139.5, meaning that the city is 39.5% more expensive than the national average. This higher cost of living can be attributed to housing costs, which are 23% higher than the national average and transportation costs which are 7% higher than the national average. In addition, food costs are 6% higher than the national average. However, overall Sanford is a great place to live with its abundance of natural beauty and a sense of community among its residents.