Cost of Living in Kennebec County, Maine

$952/mo
Median Monthly Rent
$219,900
Median Home Value
2% below state averageUnaffordable

At a Glance

Median Monthly Rent
$952/mo
2% below state average
Median Home Value
$219,900
22% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Kennebec County Compares

Median monthly rent comparison

Kennebec County$952/mo
Maine Average$969/mo
National Median$1,163/mo

Detailed Housing Stats

$952/mo
Median Gross Rent
$219,900
Median Home Value
$1,073/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Kennebec County, Maine

Kennebec's rent costs slightly above national norm

Kennebec renters spend 17.6% of income on rent, slightly above both Maine's state average (17.4%) and the national average. The county's median household income of $65,062 falls below the national median, creating modest housing pressure.

Kennebec ranks below Maine's average affordability

Kennebec places eighth among Maine's 16 counties for housing affordability, with a rent-to-income ratio marginally above the state median. The county sits in the upper half of Maine's affordability scale, closer to the pricier coastal markets than the inland bargains.

Central Maine's moderate pricing holds steady

Kennebec's $952 rent falls between Franklin ($759) to the north and Hancock ($1,000) to the east, reflecting its central Maine positioning. Home values at $219,900 align closely with Androscoggin County ($232,000), marking both as mid-tier markets.

Mortgage slightly exceeds rent burden

Renters pay $952 monthly while homeowners invest $1,073, with the county's $65,062 median income supporting both paths. At 17.6% of income to rent, Kennebec households experience slightly tighter budgets than Maine's average.

Kennebec offers central Maine stability

If you're relocating to central Maine for proximity to Augusta and mixed urban-rural access, Kennebec provides balanced affordability. The county's position between coastal and inland markets makes it worth comparing against both Franklin's bargains and coastal premium.

Affordability Calculator

See how your income compares to housing costs in Kennebec County

$

Rent Burden

17.6%

of gross income

Max Housing (28% Rule)

$1,518

per month

Owner Cost Burden

19.8%

of gross income

The median home in Kennebec County may be a stretch

Median home value is $219,900. Estimated monthly cost: $1,756 vs. your max of $1,518.

Rent Affordability Guide

Your rent-to-income ratio17.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Kennebec County, Maine?
Kennebec County, Maine has a median monthly rent of $952/mo and a median home value of $219,900. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Kennebec County?
The median gross rent in Kennebec County is $952/mo. This is 2% below state average for Maine.
Is Kennebec County affordable?
Kennebec County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Kennebec County's rent compare to the state average?
Kennebec County's median rent of $952/mo is 2% below state average of $969/mo for Maine.
What is the median home value in Kennebec County?
The median home value in Kennebec County, Maine is $219,900. This is 22% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.