Housing costs in Hallowell?
A typical home costs
$298,800, which is 11.6% less expensive than the national average of
$338,100 and 10.5% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Hallowell costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 27.6% cheaper than the state average of
$1,250.
Can I afford Hallowell?
To live comfortably in Hallowell, Maine, a minimum annual income of
$57,240 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Hallowell?
The cost of living in Hallowell, ME is relatively high compared to many other parts of the country. The median home value in the city is $206,400 which is above the national average. While housing costs may be expensive, there are plenty of options for those looking to save money as well. Renting an apartment or house can be more affordable and you can also find some great deals on dining out and entertainment throughout the city. With a variety of options available, it's easy to keep your budget under control when living in Hallowell, ME.