Housing costs in Alfred?
A typical home costs
$363,500, which is 7.5% more expensive than the national average of
$338,100 and 8.8% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Alfred 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 Alfred?
To live comfortably in Alfred, Maine, a minimum annual income of
$69,480 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Alfred?
The cost of living in Alfred, ME is relatively affordable. According to BestPlaces, the city has an overall cost of living index of 107.8, making it approximately 7.8% more expensive than the national average. Housing costs are particularly low in comparison to other areas of the country, with an index score of just 56.0 – nearly 44% lower than the US average. Similarly, groceries, utilities and healthcare are all cheaper in Alfred when compared to the rest of the nation, providing a great deal of economic relief for its residents. Additionally, taxes are fairly low in Alfred and do not add significantly to overall expenses. All told, Alfred is an excellent option for those looking for an affordable place to live without sacrificing amenities or lifestyle options.