Quick facts: Lee, ME

Quick Facts

106.3
Cost of Living
above US average
922
Population
16.27
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$79,000
Median House Price
above US average
$1922
Average Rent
above US average
12%
Poverty Rate
above US average
5.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,000.

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Income Needed to Buy

βœ“ Affordable
$25k/year
Based on $79,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($60,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$82k/year
Based on $1922/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $82k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lee, ME

Lee is a small town located in Penobscot County, Maine, nestled in the picturesque landscapes of northern New England. With a population of around 1,200 residents, Lee offers a quaint, rural charm characterized by its tight-knit community and natural beauty. The town is situated near the banks of the Mattawamkeag River, providing scenic views and opportunities for outdoor activities, including fishing, hiking, and snowmobiling during the winter months. Lee is surrounded by lush forests and is known for its beautiful fall foliage, attracting visitors looking to experience Maine's stunning natural scenery. The town features local amenities including a few shops and restaurants, making it a convenient stop for travelers exploring the broader region. Additionally, Lee is located near several larger towns and national parks, making it a peaceful retreat while still offering access to more extensive services and attractions. Overall, Lee encapsulates the essence of small-town life in Maine, with its rich natural landscapes and welcoming community atmosphere.

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