Living in Bowerbank, Maine
Cost of living, income, home prices, rent and demographics of Bowerbank · Census data 2020–2024
Bowerbank has 211 residents with a median age of 58.3. The median household income is $93,125 (25% higher than the Maine median), the median home value is $199,500.
Bowerbank is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bowerbank at a glance
- Population
- 211
- Median age
- 58.3State: 44.8
- Median household income
- $93,125State: $74,733
- Median home value
- $199,500State: $296,600
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 33.8%
- Average commute
- 48 min
Is Bowerbank a good place to live?
Pros: Median household income 25% higher than the Maine median; home values 33% lower than the state median; unemployment of 0.9%; a poverty rate of 3.8%.
Cons: An average commute of 48 minutes.
The weather is best in June to September.
Cost of living in Bowerbank
Housing is the biggest part of the cost of living. In Bowerbank the median home value is $199,500, 40% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,000 a month in housing costs.
Bowerbank median household income
The median household income in Bowerbank is $93,125 and the income per person is $43,660. 3.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Bowerbank: homes for sale and rent
- Housing units
- 368
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 75.5%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.34
75.5% of homes are vacant most of the year, a sign that Bowerbank has many vacation and second homes.
Bowerbank demographics
- Population
- 211
- Median age
- 58.3
- Under 18
- 6.6%
- 65 and older
- 33.6%
- Households
- 90
- Foreign-born
- 0.9%
- Veterans
- 10.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Bowerbank ›
Education in Bowerbank
33.8% of adults 25 and older in Bowerbank have a bachelor's degree or higher (Maine: 36.2%), and 5% have a graduate or professional degree.
Jobs and commute in Bowerbank
- Unemployment rate
- 0.9%State: 3.8%
- Average commute
- 48 minState: 25 min
- Work from home
- 30.5%
- Drive alone
- 63.8%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 86.7%
Bowerbank vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bowerbank | 211 | $93,125 | $199,500 | — |
| Willimantic | 200 | $63,472 | $131,700 | — |
| Sebec | 547 | $74,545 | $233,000 | — |
| Brownville Junction | 524 | $61,875 | $82,700 | $1,083 |
| Guilford | 1,096 | $53,173 | $170,100 | $507 |
| Dover-Foxcroft | 4,506 | $63,344 | $162,600 | $880 |
| Brownville | 983 | $64,063 | $96,700 | $1,057 |
| Milo | 2,165 | $56,875 | $97,100 | $879 |
| Monson | 596 | $56,017 | $178,100 | — |
More for people moving to Bowerbank
Bowerbank ZIP code ›Weather and climate ›Living in Bowerbank: FAQ
What is the median household income in Bowerbank, ME?
The median household income in Bowerbank is $93,125, 25% 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 Bowerbank?
The median home value in Bowerbank is $199,500, compared with $296,600 in Maine.
Is Bowerbank, ME a good place to live?
Pluses: median household income 25% higher than the Maine median; home values 33% lower than the state median; unemployment of 0.9%; a poverty rate of 3.8%. Minuses: an average commute of 48 minutes.
What is the median age in Bowerbank?
The median age in Bowerbank is 58.3 years (Maine: 44.8).
How long is the commute in Bowerbank?
The average commute to work in Bowerbank is 48 minutes; 30.5% of workers work from home.
What is the unemployment rate in Bowerbank?
The unemployment rate in Bowerbank is 0.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bowerbank?
33.8% of adults in Bowerbank 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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