Housing costs in Medway?
A typical home costs
$113,900, which is 66.3% less expensive than the national average of
$338,100 and 65.9% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Medway costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$1,250.
Can I afford Medway?
To live comfortably in Medway (zip 04460), Maine, a minimum annual income of
$21,960 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Medway?
The cost of living in 04460 Medway, ME is relatively low compared to other areas of the United States. The median home value is $174,600, and the median household income is just under $55,000. The overall cost of living index for the area is 89.4, while the average cost for groceries is approximately 14% below the national average. Utilities are also slightly more affordable than most areas. Property taxes are lower than average in this area as well. Overall, living in 04460 Medway, ME can provide a great quality of life while keeping your monthly expenses low.