Housing costs in Hallowell?
A typical home costs
$318,600, which is 5.8% less expensive than the national average of
$338,100 and 4.6% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Hallowell costs
$950 per month, which is 24.0% cheaper than the national average of
$1,250 and 2.1% cheaper than the state average of
$970.
Can I afford Hallowell?
To live comfortably in Hallowell (zip 04347), Maine, a minimum annual income of
$61,200 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hallowell?
The cost of living in 04347 Hallowell, ME is quite high, though not as high as some other areas of the United States. According to BestPlaces, the cost of living in Hallowell is 40% higher than the national average. Housing costs are particularly high in this area, with a median home value of $309,200 and monthly rental prices about $1,150. Groceries and healthcare are also more expensive than average. Overall, it can be difficult for families to make ends meet given the higher-than-average cost of living in the area.