Housing costs in Maine?
A typical home costs
$156,200, which is 53.8% less expensive than the national average of
$338,100 and 62.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Maine costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 102.1% more than the state average of
$1,960.
Can I afford Maine?
To live comfortably in Maine, New York, a minimum annual income of
$29,880 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Maine?
The cost of living in Maine, NY is quite reasonable compared to other parts of the state and country. The average cost for housing is lower than the national average, with the median home price hovering around $187,100 and rental costs around $1,300 per month. Food prices are also on par with the national average. Gasoline costs are slightly higher because of transportation restrictions, but still remain fairly low. Taxes, too, are affordable compared to surrounding areas. All in all, the cost of living in Maine, NY is very manageable for most households and provides a great value for those looking for an affordable place to live.