Housing costs in Richmond?
A typical home costs
$269,100, which is 20.4% less expensive than the national average of
$338,100 and 19.4% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Richmond costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 5.0% cheaper than the state average of
$1,250.
Can I afford Richmond?
To live comfortably in Richmond (zip 04357), Maine, a minimum annual income of
$51,480 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 04357 Richmond, ME is relatively affordable compared to other parts of the state. The median home value is $169,400 which is slightly lower than the average for Maine overall. Additionally, the cost of groceries and health care are both below the national average while utilities tend to be slightly higher. Despite this, overall expenses in the area are still quite reasonable and Richmond remains one of the most affordable places to live in Maine.