Income needed to buy a home

Every county in Maine

In the middle county, Androscoggin County, the typical home takes $114,406 a year. Locals can afford the typical home in 0 of 16 counties.

CountyTypical homeMonthly costIncome neededLocal median incomeFor locals
Aroostook County$169,932$1,358$58,212$56,700Right at the edge
Washington County$200,966$1,584$67,888$56,024A stretch
Piscataquis County$232,810$1,805$77,357$61,345A stretch
Somerset County$233,245$1,850$79,284$58,179A stretch
Penobscot County$281,813$2,263$96,971$66,356Far off
Franklin County$293,779$2,331$99,882$58,675Far off
Oxford County$322,480$2,527$108,281$60,173Far off
Kennebec County$321,023$2,560$109,706$69,077Far off
Androscoggin County$329,811$2,669$114,406$67,873Far off
Waldo County$345,849$2,745$117,659$72,782Far off
Hancock County$422,707$3,298$141,361$72,744Far off
Sagadahoc County$435,326$3,452$147,928$87,806Far off
Lincoln County$447,551$3,496$149,845$76,875Far off
Knox County$440,776$3,528$151,213$74,096Out of reach
York County$528,818$4,152$177,923$88,333Out of reach
Cumberland County$562,066$4,466$191,418$95,677Out of reach

10% down, 7.40% 30-year fixed, housing at 28% of gross income. How it works.