Housing costs in Mechanic Falls?
A typical home costs
$238,400, which is 29.5% less expensive than the national average of
$338,100 and 28.6% less expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Mechanic Falls costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$1,250.
Can I afford Mechanic Falls?
To live comfortably in Mechanic Falls (zip 04256), Maine, a minimum annual income of
$45,720 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Mechanic Falls?
The cost of living in 04256 Mechanic Falls, ME is fairly low compared to the rest of the country. The median home value in 04256 is around $144,000, which is significantly lower than the national median home value of $231,200. This lower cost can be attributed to the small population and rural location of Mechanic Falls. The area does have higher-priced goods like gas and groceries due to its remote location, but overall expenses remain below average for Maine and the rest of the country. Additionally, rent prices are quite reasonable in 04256 with a median gross rent of only $837 compared to the national median gross rent of $1,095.