Living in Abbot, Maine
Cost of living, income, home prices, rent and demographics of Abbot · Census data 2020–2024
Abbot has 584 residents with a median age of 48.6. The median household income is $58,542 (22% lower than the Maine median), the median home value is $171,200, the median rent is $1,111/month.
Abbot is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Abbot at a glance
- Population
- 584
- Median age
- 48.6State: 44.8
- Median household income
- $58,542State: $74,733
- Median home value
- $171,200State: $296,600
- Median rent
- $1,111/moState: $1,139
- Homeowners
- 74.3%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 27 min
Is Abbot a good place to live?
Pros: Home values 42% lower than the state median; unemployment of 2.6%.
Cons: Median household income 22% lower than the Maine median; an average commute of 27 minutes; a poverty rate of 16.4%.
The weather is best in June to September.
Cost of living in Abbot
Housing is the biggest part of the cost of living. In Abbot the median home value is $171,200, 49% lower than the U.S. median. Renters pay a median of $1,111 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,128 a month in housing costs.
Abbot median household income
The median household income in Abbot is $58,542 and the income per person is $43,463. 16.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Abbot: homes for sale and rent
- Housing units
- 593
- Owner-occupied
- 74.3%
- Renter-occupied
- 25.7%
- Vacant
- 42.8%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 1.64
42.8% of homes are vacant most of the year, a sign that Abbot has many vacation and second homes.
Abbot demographics
- Population
- 584
- Median age
- 48.6
- Under 18
- 6.5%
- 65 and older
- 16.3%
- Households
- 339
- Foreign-born
- 16.1%
- Veterans
- 7.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Abbot ›
Education in Abbot
13.2% of adults 25 and older in Abbot have a bachelor's degree or higher (Maine: 36.2%), and 2.6% have a graduate or professional degree.
Jobs and commute in Abbot
- Unemployment rate
- 2.6%State: 3.8%
- Average commute
- 27 minState: 25 min
- Work from home
- 23.1%
- Drive alone
- 75.5%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 90.9%
Abbot vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Abbot | 584 | $58,542 | $171,200 | $1,111 |
| Parkman | 896 | $54,231 | $168,900 | — |
| Monson | 596 | $56,017 | $178,100 | — |
| Guilford | 1,096 | $53,173 | $170,100 | $507 |
| Wellington | 161 | $44,519 | $133,700 | — |
| Willimantic | 200 | $63,472 | $131,700 | — |
| Cambridge | 532 | $63,194 | $214,900 | — |
| Sangerville | 1,136 | $50,313 | $124,000 | $850 |
| Shirley | 234 | $61,875 | $219,600 | — |
More for people moving to Abbot
Abbot ZIP code ›Weather and climate ›Living in Abbot: FAQ
What is the median household income in Abbot, ME?
The median household income in Abbot is $58,542, 22% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Abbot?
The median home value in Abbot is $171,200, compared with $296,600 in Maine.
How much is rent in Abbot?
The median gross rent in Abbot is $1,111 per month, about 27.2% of household income.
Is Abbot, ME a good place to live?
Pluses: home values 42% lower than the state median; unemployment of 2.6%. Minuses: median household income 22% lower than the Maine median; an average commute of 27 minutes; a poverty rate of 16.4%.
What is the median age in Abbot?
The median age in Abbot is 48.6 years (Maine: 44.8).
How long is the commute in Abbot?
The average commute to work in Abbot is 27 minutes; 23.1% of workers work from home.
What is the unemployment rate in Abbot?
The unemployment rate in Abbot is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Abbot?
13.2% of adults in Abbot have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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