Living in Beaver Cove, Maine
Cost of living, income, home prices, rent and demographics of Beaver Cove · Census data 2020–2024
Beaver Cove has 394 residents with a median age of 67. The median household income is $98,185 (31% higher than the Maine median), the median home value is $523,300.
Beaver Cove is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Beaver Cove at a glance
- Population
- 394
- Median age
- 67State: 44.8
- Median household income
- $98,185State: $74,733
- Median home value
- $523,300State: $296,600
- Homeowners
- 86.3%
- Bachelor's degree or higher
- 46.1%
- Average commute
- 15 min
Is Beaver Cove a good place to live?
Pros: Median household income 31% higher than the Maine median; an average commute of 15 minutes.
Cons: Home values 76% higher than the state median; a poverty rate of 17.5%.
The weather is best in June to September.
Cost of living in Beaver Cove
Housing is the biggest part of the cost of living. In Beaver Cove the median home value is $523,300, 57% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,018 a month in housing costs.
Beaver Cove median household income
The median household income in Beaver Cove is $98,185 and the income per person is $62,530. 17.5% of residents live below the poverty line (Maine: 10.7%).
Housing in Beaver Cove: homes for sale and rent
- Housing units
- 403
- Owner-occupied
- 86.3%
- Renter-occupied
- 13.7%
- Vacant
- 47.6%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 1.87
47.6% of homes are vacant most of the year, a sign that Beaver Cove has many vacation and second homes.
Beaver Cove demographics
- Population
- 394
- Median age
- 67
- Under 18
- 2.5%
- 65 and older
- 70.1%
- Households
- 211
- Foreign-born
- 0%
- Veterans
- 10.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Beaver Cove ›
Education in Beaver Cove
46.1% of adults 25 and older in Beaver Cove have a bachelor's degree or higher (Maine: 36.2%), and 16.1% have a graduate or professional degree.
Jobs and commute in Beaver Cove
- Unemployment rate
- 0%State: 3.8%
- Average commute
- 15 minState: 25 min
- Work from home
- 18.4%
- Drive alone
- 41.2%
- Public transit
- 14.9%
- Walk to work
- 0%
- Homes with broadband
- 92.9%
Beaver Cove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Beaver Cove | 394 | $98,185 | $523,300 | — |
| Greenville | 1,355 | $63,486 | $268,500 | $662 |
| Shirley | 234 | $61,875 | $219,600 | — |
| Willimantic | 200 | $63,472 | $131,700 | — |
| Monson | 596 | $56,017 | $178,100 | — |
| Bowerbank | 211 | $93,125 | $199,500 | — |
| Brownville Junction | 524 | $61,875 | $82,700 | $1,083 |
| Brownville | 983 | $64,063 | $96,700 | $1,057 |
| Guilford | 1,096 | $53,173 | $170,100 | $507 |
More for people moving to Beaver Cove
Beaver Cove ZIP code ›Weather and climate ›Living in Beaver Cove: FAQ
What is the median household income in Beaver Cove, ME?
The median household income in Beaver Cove is $98,185, 31% higher 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 Beaver Cove?
The median home value in Beaver Cove is $523,300, compared with $296,600 in Maine.
Is Beaver Cove, ME a good place to live?
Pluses: median household income 31% higher than the Maine median; an average commute of 15 minutes. Minuses: home values 76% higher than the state median; a poverty rate of 17.5%.
What is the median age in Beaver Cove?
The median age in Beaver Cove is 67 years (Maine: 44.8).
How long is the commute in Beaver Cove?
The average commute to work in Beaver Cove is 15 minutes; 18.4% of workers work from home.
What is the unemployment rate in Beaver Cove?
The unemployment rate in Beaver Cove is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Beaver Cove?
46.1% of adults in Beaver Cove 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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