Quick facts: Limestone, ME

Quick Facts

106.3
Cost of Living
above US average
2,314
Population
21.61
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$67,000
Median House Price
above US average
$650.0
Average Rent
below US average
10%
Poverty Rate
below US average
4.2%
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 $50,000.

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Income Needed to Buy

βœ“ Affordable
$21k/year
Based on $67,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$28k/year
Based on $650.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($50,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Limestone, ME

Limestone is a small town located in Aroostook County, Maine, known for its picturesque landscapes and rural charm. Nestled near the Canada-US border, this town has a predominantly agricultural economy, with farming and potato cultivation being significant contributors. With a population of just over 2,000 residents, Limestone offers a close-knit community feel. The town is home to several outdoor recreational activities, including hiking, fishing, and snowmobiling, making it an appealing destination for nature enthusiasts. Nearby, you can explore the beautiful scenery of the Allagash Wilderness Waterway and the vast forests that characterize Northern Maine. Limestone is also recognized for its historical significance; it features the former Limestone Army Airfield, which has contributed to its growth over the years. The community hosts various local events, fostering a strong sense of unity among its residents. With its serene environment, rich history, and proximity to outdoor adventures, Limestone serves as a peaceful retreat in the heart of Aroostook County.

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