Living in Cape Elizabeth, Maine
Cost of living, income, home prices, rent and demographics of Cape Elizabeth · Census data 2020–2024
Cape Elizabeth has 9,606 residents with a median age of 47.4. The median household income is $145,821 (95% higher than the Maine median), the median home value is $731,600, the median rent is $2,185/month.
Cape Elizabeth at a glance
- Population
- 9,606
- Median age
- 47.4State: 44.8
- Median household income
- $145,821State: $74,733
- Median home value
- $731,600State: $296,600
- Median rent
- $2,185/moState: $1,139
- Homeowners
- 88%
- Bachelor's degree or higher
- 74.1%
- Average commute
- 21 min
Is Cape Elizabeth a good place to live?
Pros: Median household income 95% higher than the Maine median; an average commute of 21 minutes; unemployment of 2.5%; a poverty rate of 5.2%.
Cons: Home values 147% higher than the state median.
The weather is best in June to September.
Cost of living in Cape Elizabeth
Housing is the biggest part of the cost of living. In Cape Elizabeth the median home value is $731,600, 120% higher than the U.S. median. Renters pay a median of $2,185 per month, which is 26.3% of household income. Homeowners with a mortgage pay $2,747 a month in housing costs.
Cape Elizabeth median household income
The median household income in Cape Elizabeth is $145,821 and the income per person is $77,799. 5.2% of residents live below the poverty line (Maine: 10.7%).
Housing in Cape Elizabeth: homes for sale and rent
- Housing units
- 3,981
- Owner-occupied
- 88%
- Renter-occupied
- 12%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.55
Cape Elizabeth demographics
- Population
- 9,606
- Median age
- 47.4
- Under 18
- 26%
- 65 and older
- 25.7%
- Households
- 3,732
- Foreign-born
- 5.9%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Cape Elizabeth ›
Education in Cape Elizabeth
74.1% of adults 25 and older in Cape Elizabeth have a bachelor's degree or higher (Maine: 36.2%), and 41.7% have a graduate or professional degree.
Jobs and commute in Cape Elizabeth
- Unemployment rate
- 2.5%State: 3.8%
- Average commute
- 21 minState: 25 min
- Work from home
- 31.9%
- Drive alone
- 59.7%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 97.7%
Cape Elizabeth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cape Elizabeth | 9,606 | $145,821 | $731,600 | $2,185 |
| Portland | 68,854 | $79,540 | $489,600 | $1,577 |
| South Portland | 26,930 | $86,838 | $441,200 | $1,812 |
| Scarborough | 23,215 | $133,558 | $551,900 | $1,956 |
| Oak Hill | 5,631 | $97,610 | $429,100 | $1,743 |
| Long Island | 249 | $91,250 | $551,100 | $2,194 |
| Old Orchard Beach | 9,244 | $60,050 | $366,600 | $1,246 |
| Dunstan | 2,363 | $91,067 | $539,000 | $1,770 |
| Saco | 20,819 | $92,241 | $413,100 | $1,249 |
More for people moving to Cape Elizabeth
Cape Elizabeth ZIP code ›Weather and climate ›Living in Cape Elizabeth: FAQ
What is the median household income in Cape Elizabeth, ME?
The median household income in Cape Elizabeth is $145,821, 95% 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 Cape Elizabeth?
The median home value in Cape Elizabeth is $731,600, compared with $296,600 in Maine.
How much is rent in Cape Elizabeth?
The median gross rent in Cape Elizabeth is $2,185 per month, about 26.3% of household income.
Is Cape Elizabeth, ME a good place to live?
Pluses: median household income 95% higher than the Maine median; an average commute of 21 minutes; unemployment of 2.5%; a poverty rate of 5.2%. Minuses: home values 147% higher than the state median.
What is the median age in Cape Elizabeth?
The median age in Cape Elizabeth is 47.4 years (Maine: 44.8).
How long is the commute in Cape Elizabeth?
The average commute to work in Cape Elizabeth is 21 minutes; 31.9% of workers work from home.
What is the unemployment rate in Cape Elizabeth?
The unemployment rate in Cape Elizabeth is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cape Elizabeth?
74.1% of adults in Cape Elizabeth 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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