Housing costs in Oakland?
A typical home costs
$277,800, which is 17.8% less expensive than the national average of
$338,100 and 16.8% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Oakland costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 27.6% cheaper than the state average of
$1,250.
Can I afford Oakland?
To live comfortably in Oakland (zip 04963), Maine, a minimum annual income of
$53,280 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in Oakland, ME (zip code 04963) is relatively low compared to much of the rest of the country. According to Sperling's Best Places, the overall cost of living index in Oakland is 87.1, which is 13% lower than the U.S. average index of 100. Housing costs are quite a bit lower than the national average at 71.6, while transportation and grocery costs are in line with what you'd expect across the country. Healthcare costs are slightly higher at 106, but still much lower than many other areas of Maine and beyond. Overall, Oakland offers residents a great quality of life with a cost of living that won't break the bank.