Living in Fayette, Maine
Cost of living, income, home prices, rent and demographics of Fayette · Census data 2020–2024
Fayette has 1,383 residents with a median age of 58.8. The median household income is $59,500 (20% lower than the Maine median), the median home value is $257,600, the median rent is $983/month.
Fayette is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fayette at a glance
- Population
- 1,383
- Median age
- 58.8State: 44.8
- Median household income
- $59,500State: $74,733
- Median home value
- $257,600State: $296,600
- Median rent
- $983/moState: $1,139
- Homeowners
- 88.7%
- Bachelor's degree or higher
- 39.3%
- Average commute
- 33 min
Is Fayette a good place to live?
Pros: Home values 13% lower than the state median; unemployment of 3.4%; a poverty rate of 7.9%.
Cons: Median household income 20% lower than the Maine median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Fayette
Housing is the biggest part of the cost of living. In Fayette the median home value is $257,600, 23% lower than the U.S. median. Renters pay a median of $983 per month, which is 29.6% of household income. Homeowners with a mortgage pay $1,371 a month in housing costs.
Fayette median household income
The median household income in Fayette is $59,500 and the income per person is $38,455. 7.9% of residents live below the poverty line (Maine: 10.7%).
Housing in Fayette: homes for sale and rent
- Housing units
- 847
- Owner-occupied
- 88.7%
- Renter-occupied
- 11.3%
- Vacant
- 26.8%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.23
Fayette demographics
- Population
- 1,383
- Median age
- 58.8
- Under 18
- 15.7%
- 65 and older
- 37.2%
- Households
- 620
- Foreign-born
- 2.2%
- Veterans
- 12.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Fayette ›
Education in Fayette
39.3% of adults 25 and older in Fayette have a bachelor's degree or higher (Maine: 36.2%), and 20.3% have a graduate or professional degree.
Jobs and commute in Fayette
- Unemployment rate
- 3.4%State: 3.8%
- Average commute
- 33 minState: 25 min
- Work from home
- 22.1%
- Drive alone
- 66.2%
- Public transit
- 0%
- Walk to work
- 4.7%
- Homes with broadband
- 89.8%
Fayette vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fayette | 1,383 | $59,500 | $257,600 | $983 |
| Livermore Falls | 3,102 | $45,843 | $147,500 | $856 |
| Mount Vernon | 1,716 | $74,395 | $264,200 | $893 |
| Wayne | 1,101 | $93,194 | $362,800 | $983 |
| Readfield | 2,651 | $86,504 | $326,400 | $1,125 |
| Chisholm | 988 | $57,826 | $146,900 | $787 |
| Livermore | 1,868 | $70,441 | $221,800 | — |
| Chesterville | 1,397 | $61,635 | $214,000 | $1,088 |
| Jay | 4,657 | $70,238 | $168,600 | $759 |
More for people moving to Fayette
Fayette ZIP code ›Weather and climate ›Living in Fayette: FAQ
What is the median household income in Fayette, ME?
The median household income in Fayette is $59,500, 20% 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 Fayette?
The median home value in Fayette is $257,600, compared with $296,600 in Maine.
How much is rent in Fayette?
The median gross rent in Fayette is $983 per month, about 29.6% of household income.
Is Fayette, ME a good place to live?
Pluses: home values 13% lower than the state median; unemployment of 3.4%; a poverty rate of 7.9%. Minuses: median household income 20% lower than the Maine median; an average commute of 33 minutes.
What is the median age in Fayette?
The median age in Fayette is 58.8 years (Maine: 44.8).
How long is the commute in Fayette?
The average commute to work in Fayette is 33 minutes; 22.1% of workers work from home.
What is the unemployment rate in Fayette?
The unemployment rate in Fayette is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fayette?
39.3% of adults in Fayette 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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