Housing costs in Wells?
A typical home costs
$451,600, which is 33.6% more expensive than the national average of
$338,100 and 35.2% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Wells costs
$1,350 per month, which is 5.6% cheaper than the national average of
$1,430 and 7.4% more than the state average of
$1,250.
Can I afford Wells?
To live comfortably in Wells, Maine, a minimum annual income of
$86,400 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Wells?
The cost of living in Wells, ME is slightly higher than the national average. According to Sperling's Best Places, the cost of living index is at 102, which is 2 points higher than the U.S. average. Groceries and housing are a bit pricier than other places in the country, but overall costs are still relatively low for Maine. Those looking to move to Wells can expect to pay an average of $1,457 per month for rent and groceries will typically run around $347 per month for a family of four. Utility costs such as water and electricity are also fairly affordable compared to other parts of the country.