Housing costs in Gorham?
A typical home costs
$447,200, which is 32.3% more expensive than the national average of
$338,100 and 33.9% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Gorham costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 28.2% more than the state average of
$1,250.
Can I afford Gorham?
To live comfortably in Gorham, Maine, a minimum annual income of
$85,680 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Gorham?
Gorham, ME has a surprisingly low cost of living. According to recent statistics, the cost of living index in Gorham is lower than the U.S. average by 11%. This means that food, housing, transportation, and other expenses are much more affordable in comparison to other cities and towns across the country. Housing costs in particular are extremely competitive with median home prices just over $200,000 as of 2019. Finding quality housing while still staying within one's budget is easy in Gorham, ME. Additionally, taxes are relatively low for property owners making it an ideal place to settle down and start a family or retire.