Executive Financial Report: Parsonsfield (04047)
Evaluating relocation options in York? The financial benchmark for residing in Parsonsfield, ME (04047) indicates that a single worker needs roughly $3,624 monthly ($43,485.583 annually) to maintain an adequate standard of living.
Shelter expenses in Parsonsfield occupy a healthy and balanced 26% share of monthly expenditures, averaging $948 per month for rent and utility baselines. This moderate allocation provides residents with sufficient budget elasticity to cover transportation, healthcare, and personal savings goals.
Local earnings in Parsonsfield (04047) demonstrate strong purchasing power. The area median family income of $85,629 significantly exceeds the annual baseline living threshold ($43,485.583) by a ratio of 1.97x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 16% ($597/month) of baseline monthly spending in zip code 04047. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $340 monthly for single adults.
In summary, living in Parsonsfield, ME requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 04047 against other US destinations.