Living in Hope, Maine
Cost of living, income, home prices, rent and demographics of Hope · Census data 2020–2024
Hope has 1,748 residents with a median age of 44.6. The median household income is $86,766 (16% higher than the Maine median), the median home value is $373,400, the median rent is $1,219/month.
Hope at a glance
- Population
- 1,748
- Median age
- 44.6State: 44.8
- Median household income
- $86,766State: $74,733
- Median home value
- $373,400State: $296,600
- Median rent
- $1,219/moState: $1,139
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 47.4%
- Average commute
- 20 min
Is Hope a good place to live?
Pros: Median household income 16% higher than the Maine median; an average commute of 20 minutes; unemployment of 1.9%; a poverty rate of 5.3%.
Cons: Home values 26% higher than the state median.
The weather is best in June to September.
Cost of living in Hope
Housing is the biggest part of the cost of living. In Hope the median home value is $373,400, 12% higher than the U.S. median. Renters pay a median of $1,219 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,733 a month in housing costs.
Hope median household income
The median household income in Hope is $86,766 and the income per person is $48,167. 5.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Hope: homes for sale and rent
- Housing units
- 870
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 20.1%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.48
Hope demographics
- Population
- 1,748
- Median age
- 44.6
- Under 18
- 23.3%
- 65 and older
- 21.1%
- Households
- 695
- Foreign-born
- 1.9%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Hope ›
Education in Hope
47.4% of adults 25 and older in Hope have a bachelor's degree or higher (Maine: 36.2%), and 16.8% have a graduate or professional degree.
Jobs and commute in Hope
- Unemployment rate
- 1.9%State: 3.8%
- Average commute
- 20 minState: 25 min
- Work from home
- 18.3%
- Drive alone
- 65.6%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 93.2%
Hope vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hope | 1,748 | $86,766 | $373,400 | $1,219 |
| Union | 2,663 | $80,724 | $267,600 | $1,179 |
| Appleton | 1,360 | $53,618 | $235,600 | $1,104 |
| Camden | 5,242 | $82,344 | $520,600 | $1,269 |
| Rockport | 3,675 | $86,979 | $469,000 | $1,194 |
| Lincolnville | 2,396 | $81,928 | $367,000 | $969 |
| Warren | 4,932 | $74,616 | $232,700 | $1,125 |
| Rockland | 7,035 | $56,533 | $245,800 | $1,092 |
| Thomaston | 2,769 | $56,435 | $271,700 | $1,262 |
More for people moving to Hope
Hope ZIP code ›Weather and climate ›Living in Hope: FAQ
What is the median household income in Hope, ME?
The median household income in Hope is $86,766, 16% 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 Hope?
The median home value in Hope is $373,400, compared with $296,600 in Maine.
How much is rent in Hope?
The median gross rent in Hope is $1,219 per month, about 27.2% of household income.
Is Hope, ME a good place to live?
Pluses: median household income 16% higher than the Maine median; an average commute of 20 minutes; unemployment of 1.9%; a poverty rate of 5.3%. Minuses: home values 26% higher than the state median.
What is the median age in Hope?
The median age in Hope is 44.6 years (Maine: 44.8).
How long is the commute in Hope?
The average commute to work in Hope is 20 minutes; 18.3% of workers work from home.
What is the unemployment rate in Hope?
The unemployment rate in Hope is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hope?
47.4% of adults in Hope 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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