Housing costs in Bowdoinham?
A typical home costs
$334,400, which is 1.1% less expensive than the national average of
$338,100 and 0.1% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Bowdoinham costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and close to the state average of
$1,250.
Can I afford Bowdoinham?
To live comfortably in Bowdoinham (zip 04008), Maine, a minimum annual income of
$64,080 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Bowdoinham?
Living in 04008 Bowdoinham, ME can be quite affordable. The median home value is $162,700, significantly lower than the U.S. average of $193,500. Additionally, the median household income is just over $51,000 which is much lower than the U.S. average of $63,179. This makes it easier for residents to make ends meet while still being able to enjoy many amenities the area has to offer like great restaurants and a thriving local art scene. The cost of living index in 04008 Bowdoinham is 95.1 which is actually 5 points below the U.S average making it an attractive place for those looking for a more affordable lifestyle without sacrificing quality of life.