Quick facts: Lewiston, ME

Quick Facts

106.3
Cost of Living
above US average
38,493
Population
20.83
Crime Rate per 1000
below US average
$54,317
Median Income
below US average
$325,000
Median House Price
above US average
$1486.24
Average Rent
above US average
11%
Poverty Rate
above US average
3.2%
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 $54,317.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $54,317
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1486.24/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $54,317
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lewiston, ME

Lewiston, located in Androscoggin County, Maine, is the second-largest city in the state, with a rich history dating back to the early 19th century. Nestled along the Androscoggin River, Lewiston was originally a booming mill town, known for its textile and shoe manufacturing. Today, it blends its historical roots with modern charm, offering a diverse community and a vibrant cultural scene. The city boasts a variety of recreational opportunities, including parks, trails, and access to waterways for fishing and kayaking. The Bates College campus contributes to the area's educational and cultural vibrancy, hosting numerous events, lectures, and arts programs throughout the year. Lewiston's downtown area features a mix of local businesses, restaurants, and shops, providing a friendly environment and a taste of Maine's local flavor. The city's multicultural makeup is reflected in its festivals, dining options, and community events, making it a welcoming spot for residents and visitors alike. With its unique blend of history, community spirit, and natural beauty, Lewiston is a noteworthy destination in Maine.

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