Housing costs in Gorham?
A typical home costs
$441,200, which is 30.5% more expensive than the national average of
$338,100 and 32.1% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Gorham costs
$1,760 per month, which is 23.1% more than the national average of
$1,430 and 29.0% more than the state average of
$1,250.
Can I afford Gorham?
To live comfortably in Gorham (zip 04038), Maine, a minimum annual income of
$84,600 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Gorham?
Living in 04038 Gorham, ME is quite affordable. The cost of living index is about 8 points lower than the national average, making it a great place for those looking to save money while still having access to the amenities they need. Housing costs are particularly low, with a median home value around $165,000. Additionally, utilities are reasonably priced and transportation costs are also affordable compared to other areas in Maine. For those looking to enjoy a small-town atmosphere without breaking the bank, Gorham is an excellent choice.