Housing costs in Medway?
A typical home costs
$106,500, which is 68.5% less expensive than the national average of
$338,100 and 68.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Medway costs
$990 per month, which is 30.8% more than the national average of
$1,430 and 26.3% more than the state average of
$1,250.
Can I afford Medway?
To live comfortably in Medway, Maine, a minimum annual income of
$20,520 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Medway?
The cost of living in Medway, ME is slightly above the national average. The overall cost of living index is 77.8, which is higher than the U.S. average of 72. The cost of housing in Medway is significantly higher than the rest of the state with a median home value estimated at around $206,000 compared to Maine's median home value of $178,500. On top of that, utilities and transportation costs are also above the national averages as well. Food and other necessities like medical care are relatively competitively priced however. Overall, while living in Medway may be more expensive than other parts of Maine or even other areas of the country, it can still offer a good quality lifestyle for those who are willing to pay the extra price for things like housing and transportation.