5 Cheapest Places To Live In Maine

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Maine is not always an easy place to find an affordable place to live. Despite the rise in goods and services and the rebound in the housing market, it seems affordable housing may soon be gone. Fortunately, there are still some affordable cities in Maine. Here are the 5 cheapest places to live in Maine, according to HomeSnacks' analysis of science and data.

Top 5:Belfast

Belfast, located 35 miles south of Bangor, is Maine's fifth most affordable city. The Harborwalk in downtown Belfast is a popular tourist destination for tourists, as are the seaside villages in Belfast. A visit to a farmer's market can be very inspiring, as well. These activities contribute to the fact that Belfast was named the best family city in Maine. In Belfast, where the median home price is $190,500, and its median income is $62,857, the median home price is the highest on this list. According to these statistics, Belfast is the fifth-best place in the state for a home price to income ratio. In addition to that, statewide, renters spend just 22% of their income on rent, paying only $888/month.

Top 4:Calais

Along the St. Croix River, Calais is beautiful. The city is still filled with things to do despite being the third least populated in Maine. Maine's beautiful coast is a perfect destination for those who want to experience it without tourists!

There aren't many places in Maine where you will find the absolute lowest home prices than Calais. With Calais's modest home price of $97,600, you'll have your mortgage gone in no time if you come here with some savings. In Maine, residents of Calais spend the fourth-smallest share of their income on housing. The worst part about Calais is that it is the most expensive place to rent.

White-water canoe trips to St. Croix Island are great as cheap entertainment options in Calais.

Top 3:Gardiner

Gardiner is a popular tourist destination, and it's easy to see why. There is a distinct culture and old architecture in this Augusta suburb. Gardiner has something for everyone, whether you want to shop in its historic downtown, catch a show at Johnson Hall, or see fireworks at Waterfront Park.

As a tourist, you will pay about $733/month for rent in Gardiner if you decide to stay for a few months. The city will quickly begin to captivate you, and you'll soon become a permanent resident. Gardiner has a median home price of $140,700 if you choose to buy.

Top 2:Presque Isle

Maine's northernmost county, Aroostook County, includes the city of Presque Isle as its largest city. Presque Isle International Airport provides scheduled jet service to the rest of the northeast and the state. The weather in Presque Isle is warm and humid in summer and cold and snowy in winter.

It is second only to Caribou in terms of affordability to live in Presque Isle, the commercial center of Aroostook County. Presque Isle has the third cheapest home price in Maine: $115,400. As far as the home price to income ratio goes, Presque Isle is the third-best in the state. Presque Isle is home to Aroostook State Park, so you'll never have to go far to get away from it all.

Top 1:Caribou

The most northeastern city in the country, Caribou, is our first stop on our tour of Maine's most affordable cities. At a median price of $90,700, Caribou has the least expensive homes in Maine. Furthermore, Caribou residents spend the least amount of their income on housing. You can expect to pay about $598/month for rent in Caribou if you are ready to brave the cold and snow.

The snowmobile-riding capital of Maine and the home of Northern Maine Brewing Company, Caribou, offers something for thrill-seekers and beer lovers alike. Caribou is the most conservative town in Maine, so those considering it should be aware of that.

What are your thoughts on this list? Did any surprise you on the list? Please tell us what you think!

Sources:

https://www.homesnacks.com/most-affordable-places-in-maine/

https://www.homesnacks.com/me/caribou-cost-of-living/

https://www.homesnacks.com/me/presque-isle-cost-of-living/

https://www.homesnacks.com/me/gardiner-cost-of-living/

https://www.homesnacks.com/me/calais/

https://www.homesnacks.com/me/belfast-cost-of-living/

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