Housing costs in Hollis?
A typical home costs
$356,800, which is 5.5% more expensive than the national average of
$338,100 and 6.8% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Hollis costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 18.3% more than the state average of
$1,250.
Can I afford Hollis?
To live comfortably in Hollis, Maine, a minimum annual income of
$68,400 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Hollis?
Living in Hollis, ME is very affordable. The cost of living index is consistently below the national average, making the area an ideal place to live and raise a family. The median home value is $242,000 which is significantly lower than the national average of $184,700. Additionally, housing costs account for a relatively low percentage of median income—just 25.5%, compared to 35.6% nationally. Utility costs are also reasonably priced and taxes tend to be on the lower side. All in all, Hollis offers residents a quality lifestyle without breaking the bank.