Housing costs in Minot?
A typical home costs
$293,600, which is 13.2% less expensive than the national average of
$338,100 and 12.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Minot costs
$1,500 per month, which is 4.9% more than the national average of
$1,430 and 16.7% more than the state average of
$1,250.
Can I afford Minot?
To live comfortably in Minot, Maine, a minimum annual income of
$56,160 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Minot?
The cost of living in Minot, ME is quite affordable. It is lower than the national average and also lower than many other states in the Northeast region. The housing costs are very low, with the median home price coming in at around $155,000, which is well below the national average. Additionally, transportation costs are relatively low due to a lack of traffic congestion. Many essential services such as health care and groceries are also reasonably priced. Overall, Minot offers an affordable place to live that has plenty of amenities and facilities for its residents.