Quick facts: Livermore, ME

Quick Facts

106.3
Cost of Living
above US average
2,120
Population
2.36
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$300,000
Median House Price
above US average
$1922
Average Rent
above US average
12%
Poverty Rate
above US average
3.3%
Unemployment Rate
below 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 $55,000.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $300,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $55,000
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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 $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Livermore, ME

Livermore is a small town located in Androscoggin County, Maine. With a population under 2,000, it is characterized by its rural charm and tight-knit community. Nestled in the picturesque western part of the state, Livermore offers residents and visitors access to beautiful natural landscapes, including lush forests and nearby lakes, making it ideal for outdoor activities like hiking, fishing, and snowmobiling. The town was incorporated in 1795 and has a rich history, reflected in its well-preserved historical buildings and cemeteries. Livermore is close to larger towns such as Jay and Wilton, providing convenient access to additional amenities and services. The local economy is primarily driven by agriculture and small businesses, contributing to the town's quaint, community-focused atmosphere. Community events and local gatherings foster a sense of belonging, with seasonal festivals and outdoor activities being popular among residents. Overall, Livermore, ME, represents a blend of Maine's natural beauty and a welcoming small-town environment, perfect for those seeking tranquility away from urban life.

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