Housing costs in Bangor?
A typical home costs
$227,800, which is 32.6% less expensive than the national average of
$338,100 and 31.8% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Bangor costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 22.5% cheaper than the state average of
$1,250.
Can I afford Bangor?
To live comfortably in Bangor Ma Metro Area, Maine, a minimum annual income of
$43,560 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Bangor?
Bangor, ME Metro Area offers a relatively low cost of living when compared to the US average. At 85.5 on the Cost of Living Index, it provides 14.5 points lower than the US average of 100 points. This means that residents of Bangor get more for their money in terms of goods and services. The median house value in Bangor also further reflects this affordability at $227,800 which is significantly lower than the national average of $338,100. All in all, Bangor is an affordable place to call home for people looking for an area with good amenities but without sky-high prices.