Housing costs in Scarborough?
A typical home costs
$562,900, which is 66.5% more expensive than the national average of
$338,100 and 68.5% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Scarborough costs
$2,050 per month, which is 43.4% more than the national average of
$1,430 and 39.0% more than the state average of
$1,250.
Can I afford Scarborough?
To live comfortably in Scarborough, Maine, a minimum annual income of
$108,000 for a family, and
$63,200 for a single person is recommended.
What does A.I. say about Scarborough?
The cost of living in Scarborough, ME is relatively affordable compared to other parts of the country. The median household income in Scarborough is $87,711 a year which is higher than the national average. The cost of housing in Scarborough is also lower than the US average. According to Zillow, the median home value in Scarborough is around $316,000. This makes Scarborough one of the most affordable places to live for those looking for a relaxed lifestyle without breaking the bank. Furthermore, there are many job opportunities within easy reach of Scarborough and its surrounding areas which make it an ideal place to live and work. In addition, taxes are lower than many other states and there are plenty of amenities such as parks and recreational activities that make life in Scarborough enjoyable.