Quick facts: Monson, ME

Quick Facts

106.3
Cost of Living
above US average
654
Population
15.29
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$259,900
Median House Price
above US average
$1922
Average Rent
above US average
12%
Poverty Rate
above US average
6.0%
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— Stretch
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $82k vs median $50,000
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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 $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Monson, ME

Monson is a small town located in Piscataquis County, Maine. Nestled in the picturesque northern part of the state, Monson is surrounded by beautiful forests and is close to several lakes, making it a haven for outdoor enthusiasts. Known for its charming, rural atmosphere, Monson offers a quiet lifestyle with a close-knit community. The town is often celebrated as a primary stop for hikers on the Appalachian Trail, attracting visitors who seek adventure in nature. Monson features several recreational activities including hiking, fishing, and snowmobiling, with nearby Moosehead Lake providing stunning views and opportunities for water-based fun. Culturally, Monson has a unique blend of history and art, with local galleries and craft shops reflecting the community's creative spirit. The town hosts various events throughout the year, enhancing the local sense of community. With a small population, visitors can experience the warmth of a welcoming town, making it an ideal spot for both relaxation and exploration in Maine's beautiful outdoors.

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