Living in Carrabassett Valley, Maine
Cost of living, income, home prices, rent and demographics of Carrabassett Valley · Census data 2020–2024
Carrabassett Valley has 637 residents with a median age of 59.8. The median household income is $88,750 (19% higher than the Maine median), the median home value is $343,600.
Carrabassett Valley is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Carrabassett Valley at a glance
- Population
- 637
- Median age
- 59.8State: 44.8
- Median household income
- $88,750State: $74,733
- Median home value
- $343,600State: $296,600
- Homeowners
- 94.5%
- Bachelor's degree or higher
- 78%
- Average commute
- 14 min
Is Carrabassett Valley a good place to live?
Pros: Median household income 19% higher than the Maine median; an average commute of 14 minutes; unemployment of 1.7%; a poverty rate of 4%.
Cons: Home values 16% higher than the state median.
The weather is best in June to September.
Cost of living in Carrabassett Valley
Housing is the biggest part of the cost of living. In Carrabassett Valley the median home value is $343,600, 3% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,766 a month in housing costs.
Carrabassett Valley median household income
The median household income in Carrabassett Valley is $88,750 and the income per person is $81,605. 4% of residents live below the poverty line (Maine: 10.7%).
Housing in Carrabassett Valley: homes for sale and rent
- Housing units
- 2,221
- Owner-occupied
- 94.5%
- Renter-occupied
- 5.5%
- Vacant
- 83.7%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 1.68
83.7% of homes are vacant most of the year, a sign that Carrabassett Valley has many vacation and second homes.
Carrabassett Valley demographics
- Population
- 637
- Median age
- 59.8
- Under 18
- 7.8%
- 65 and older
- 42.7%
- Households
- 362
- Foreign-born
- 0.5%
- Veterans
- 17%Adults 18+
Hispanic or Latino can be of any race. Population history of Carrabassett Valley ›
Education in Carrabassett Valley
78% of adults 25 and older in Carrabassett Valley have a bachelor's degree or higher (Maine: 36.2%), and 34.4% have a graduate or professional degree.
Jobs and commute in Carrabassett Valley
- Unemployment rate
- 1.7%State: 3.8%
- Average commute
- 14 minState: 25 min
- Work from home
- 20.5%
- Drive alone
- 70.5%
- Public transit
- 0.7%
- Walk to work
- 5.6%
- Homes with broadband
- 82.6%
Carrabassett Valley vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carrabassett Valley | 637 | $88,750 | $343,600 | — |
| Kingfield | 820 | $47,750 | $194,300 | — |
| Highland | 154 | $42,745 | $99,600 | — |
| Eustis | 453 | $32,118 | $262,200 | $916 |
| New Portland | 686 | $74,375 | $176,000 | $337 |
| Phillips | 1,094 | $45,385 | $190,800 | $483 |
| Dallas | 220 | $77,500 | — | — |
| Embden | 995 | $56,875 | $173,400 | — |
| Strong | 1,249 | $47,557 | $183,900 | $920 |
More for people moving to Carrabassett Valley
Carrabassett Valley ZIP code ›Weather and climate ›Living in Carrabassett Valley: FAQ
What is the median household income in Carrabassett Valley, ME?
The median household income in Carrabassett Valley is $88,750, 19% 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 Carrabassett Valley?
The median home value in Carrabassett Valley is $343,600, compared with $296,600 in Maine.
Is Carrabassett Valley, ME a good place to live?
Pluses: median household income 19% higher than the Maine median; an average commute of 14 minutes; unemployment of 1.7%; a poverty rate of 4%. Minuses: home values 16% higher than the state median.
What is the median age in Carrabassett Valley?
The median age in Carrabassett Valley is 59.8 years (Maine: 44.8).
How long is the commute in Carrabassett Valley?
The average commute to work in Carrabassett Valley is 14 minutes; 20.5% of workers work from home.
What is the unemployment rate in Carrabassett Valley?
The unemployment rate in Carrabassett Valley is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carrabassett Valley?
78% of adults in Carrabassett Valley 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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