Housing costs in Cape Elizabeth?
A typical home costs
$741,100, which is 119.2% more expensive than the national average of
$338,100 and 121.9% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Cape Elizabeth costs
$2,030 per month, which is 42.0% more than the national average of
$1,430 and 38.4% more than the state average of
$1,250.
Can I afford Cape Elizabeth?
To live comfortably in Cape Elizabeth (zip 04107), Maine, a minimum annual income of
$141,840 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Cape Elizabeth?
The cost of living in 04107 Cape Elizabeth, ME is relatively high compared to other cities in the US. The median home value in the area is $414,400, which is more than double the national average. Additionally, the average rental price for a two-bedroom apartment in the area is around $1,600 per month. Transportation costs are also relatively high with an average commute time of 25 minutes and an average cost of gasoline at around $2.79 per gallon. Despite these higher costs, Cape Elizabeth has many advantages such as high quality schools and parks that make it an attractive option for people looking to move to the area.