Housing costs in Lake Arrowhead?
A typical home costs
$330,300, which is 2.3% less expensive than the national average of
$338,100 and 1.1% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Lake Arrowhead costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 17.8% more than the state average of
$1,250.
Can I afford Lake Arrowhead?
To live comfortably in Lake Arrowhead (zip 04061), Maine, a minimum annual income of
$63,360 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Lake Arrowhead?
The cost of living in 04061 Lake Arrowhead, ME is quite high. The median home value for homes in the area is around $331,580 and the median household income is significantly higher than the national average at around $90,078. Additionally, utilities are high due to the remote location and lack of competition. As a result, overall costs tend to be much higher than what one might expect for a rural area.