Quick facts: Machiasport, ME

Quick Facts

106.3
Cost of Living
above US average
1,081
Population
4.63
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$169,900
Median House Price
above US average
$1922
Average Rent
above US average
15%
Poverty Rate
above US average
2.6%
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“ Affordable
$53k/year
Based on $169,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) 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 $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Machiasport, ME

Machiasport is a small coastal town located in Washington County, Maine, known for its serene landscapes and rich history. Nestled on the eastern shore, it offers breathtaking views of the Atlantic Ocean and is characterized by its rugged coastline, quaint waterfront, and picturesque scenery. With a population of just over 1,000 residents, Machiasport boasts a tight-knit community and a peaceful, rural atmosphere. The town is recognized for its maritime heritage, and fishing remains a vital part of its economy and culture. Visitors can enjoy outdoor activities such as boating, kayaking, and hiking in nearby natural preserves and parks. History enthusiasts can explore local landmarks and museums that highlight the area's colonial past and Native American heritage. Machiasport’s proximity to larger towns like Machias allows easy access to amenities, while its tranquil environment makes it an ideal destination for those seeking a retreat from urban life. The natural beauty, combined with a welcoming community, makes Machiasport a hidden gem in Maine’s downeast region.

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