Housing costs in Cumberland?
A typical home costs
$470,000, which is 39.0% more expensive than the national average of
$338,100 and 40.7% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Cumberland 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 Cumberland?
To live comfortably in Cumberland Ma County, Maine, a minimum annual income of
$90,000 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Cumberland?
Cumberland, ME County is known for having a high cost of living. According to the US Census Bureau, the median house value in Cumberland County is $470,000, which is significantly higher than the national average of $338,100. Similarly, the Cost of Living in Cumberland County is 112.5 compared to the US average which is 100. This indicates that day-to-day expenses such as groceries, utilities and transportation are more expensive in this area. Overall, this high cost of living makes it difficult for many people to afford housing or other necessities in Cumberland County.