Housing costs in Chebeague Island?
A typical home costs
$577,500, which is 70.8% more expensive than the national average of
$338,100 and 72.9% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Chebeague Island costs
$1,950 per month, which is 36.4% more than the national average of
$1,430 and 35.9% more than the state average of
$1,250.
Can I afford Chebeague Island?
To live comfortably in Chebeague Island (zip 04017), Maine, a minimum annual income of
$110,520 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Chebeague Island?
The cost of living in 04017 Chebeague Island, ME is significantly higher than the national average. Housing costs are particularly high due to limited availability and competition between buyers. The median home value is about $608,400 – roughly twice the national average. Similarly, transportation costs are high due to the distance from major cities. Basic utilities such as electricity and water cost more than average as well, with monthly bills typically ranging from $100 - $200. Grocery prices are also slightly high compared to other areas of the country, but local restaurants offer reasonably priced meals. All in all, living in Chebeague Island can be expensive but offers a unique experience that many find worth the cost.