Housing costs in Scarborough?
A typical home costs
$578,400, which is 71.1% more expensive than the national average of
$338,100 and 73.2% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Scarborough costs
$2,110 per month, which is 47.6% more than the national average of
$1,430 and 40.8% more than the state average of
$1,250.
Can I afford Scarborough?
To live comfortably in Scarborough (zip 04074), Maine, a minimum annual income of
$110,880 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about Scarborough?
Living in 04074 Scarborough, ME is surprisingly affordable. The cost of housing is quite low relative to the rest of the state and nation. The median home value in 04074 sits at $216,200 which is 11.8% lower than the average for the rest of Maine at $244,800. Similarly, monthly rent prices for a two bedroom apartment average around $1,000 dollars which is much less than other cities in Maine like Portland or Auburn where the same apartment would likely cost significantly more. Other living expenses such as food, transportation, and other bills are also fairly low in comparison to larger cities in the state. All these factors combine to create an affordable cost of living that makes 04074 a great place to call home!