Housing costs in Old Orchard Beach?
A typical home costs
$410,800, which is 21.5% more expensive than the national average of
$338,100 and 23.0% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Old Orchard Beach costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 18.8% more than the state average of
$1,250.
Can I afford Old Orchard Beach?
To live comfortably in Old Orchard Beach (zip 04064), Maine, a minimum annual income of
$78,840 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Old Orchard Beach?
The cost of living in 04064 Old Orchard Beach, ME is relatively low. Many essential items such as groceries and healthcare are much less expensive than the national average. The median home value in the area is around $172,300, making it an affordable place to live. Property taxes are also very low at just 0.83%, making owning a home in the area an attractive prospect. Renters will find that housing prices are still quite reasonable for the area, with median rents coming in below $1,000 per month. Overall, living in this small Maine town can help you keep your costs down while still enjoying great local attractions and amenities.