Housing costs in Kennebunk?
A typical home costs
$555,500, which is 64.3% more expensive than the national average of
$338,100 and 66.3% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Kennebunk costs
$1,640 per month, which is 14.7% more than the national average of
$1,430 and 23.8% more than the state average of
$1,250.
Can I afford Kennebunk?
To live comfortably in Kennebunk, Maine, a minimum annual income of
$106,560 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Kennebunk?
Kennebunk, ME has an average cost of living that is considerably higher than the national average. It is slightly higher than the Maine state average, but it is still considered to be a relatively affordable place to live. The median home value in Kennebunk is $329,400 which is 17% higher than the Maine median home value of $279,100. The cost of groceries and other essentials are also higher in Kennebunk than the national average. Gas prices are also high in this area so driving can be more costly compared to other locations. Despite the cost of living being high in Kennebunk, this city remains a popular destination for retirees and vacationers alike, due to its picturesque coastal setting and year-round activities.