Housing costs in Old Orchard Beach?
A typical home costs
$512,600, which is 51.6% more expensive than the national average of
$338,100 and 53.5% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Old Orchard Beach costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 19.4% more than the state average of
$1,250.
Can I afford Old Orchard Beach?
To live comfortably in Old Orchard Beach (zip 04063), Maine, a minimum annual income of
$98,280 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Old Orchard Beach?
The cost of living in 04063 Old Orchard Beach, ME is slightly higher than the national average. The median home value is $250,400, which is about 8% higher than the national median. The median household income is $52,000 per year and the unemployment rate of 4.0% is lower than the nation's average of 4.1%. In addition to housing costs, groceries and other day-to-day expenses are also slightly more expensive in this area. Overall, while living in 04063 Old Orchard Beach may be more costly than other areas, it offers a great quality of life with easy access to beach activities and lots of outdoor recreation opportunities nearby.