Housing costs in Phippsburg?
A typical home costs
$418,100, which is 23.7% more expensive than the national average of
$338,100 and 25.2% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Phippsburg costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 7.8% cheaper than the state average of
$1,250.
Can I afford Phippsburg?
To live comfortably in Phippsburg, Maine, a minimum annual income of
$80,280 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Phippsburg?
The cost of living in Phippsburg, ME is relatively low compared to many other areas in the United States. The median home value for this area is $219,000, which is lower than the national average of $231,200. As well, the cost of living index is 94.9, making it 6% lower than the US average. This makes Phippsburg a great option for those looking to move somewhere with a more reasonable cost of living. Additionally, unemployment rates are currently at 4%, significantly lower than the national average of 6%. With its prime location on the coast and access to some beautiful beaches and scenic nature preserves, Phippsburg is an ideal choice for those wishing to experience Maine's beautiful coastline without breaking the bank.