Living in Island Falls, Maine
Cost of living, income, home prices, rent and demographics of Island Falls · Census data 2020–2024
Island Falls has 768 residents with a median age of 50.7. The median household income is $56,328 (25% lower than the Maine median), the median home value is $108,300, the median rent is $636/month.
Island Falls is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Island Falls at a glance
- Population
- 768
- Median age
- 50.7State: 44.8
- Median household income
- $56,328State: $74,733
- Median home value
- $108,300State: $296,600
- Median rent
- $636/moState: $1,139
- Homeowners
- 79.6%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 21 min
Is Island Falls a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 25% lower than the Maine median; unemployment of 5.3%; a poverty rate of 20.7%.
The weather is best in June to September.
Cost of living in Island Falls
Housing is the biggest part of the cost of living. In Island Falls the median home value is $108,300, 67% lower than the U.S. median. Renters pay a median of $636 per month, which is 18.1% of household income. Homeowners with a mortgage pay $856 a month in housing costs.
Island Falls median household income
The median household income in Island Falls is $56,328 and the income per person is $31,054. 20.7% of residents live below the poverty line (Maine: 10.7%).
Housing in Island Falls: homes for sale and rent
- Housing units
- 601
- Owner-occupied
- 79.6%
- Renter-occupied
- 20.4%
- Vacant
- 46.9%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.37
46.9% of homes are vacant most of the year, a sign that Island Falls has many vacation and second homes.
Island Falls demographics
- Population
- 768
- Median age
- 50.7
- Under 18
- 20.7%
- 65 and older
- 26.3%
- Households
- 319
- Foreign-born
- 2.3%
- Veterans
- 14.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Island Falls ›
Education in Island Falls
12.9% of adults 25 and older in Island Falls have a bachelor's degree or higher (Maine: 36.2%), and 6% have a graduate or professional degree.
Jobs and commute in Island Falls
- Unemployment rate
- 5.3%State: 3.8%
- Average commute
- 21 minState: 25 min
- Work from home
- 6.7%
- Drive alone
- 85.4%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 80.9%
Island Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Island Falls | 768 | $56,328 | $108,300 | $636 |
| Oakfield | 629 | $46,378 | $144,300 | $592 |
| Dyer Brook | 275 | $73,409 | $135,000 | — |
| Crystal | 247 | $48,125 | $129,200 | $1,563 |
| Sherman | 947 | $49,444 | $115,200 | $672 |
| Linneus | 1,226 | $65,114 | $144,200 | — |
| Smyrna | 380 | $57,750 | $117,100 | $425 |
| Merrill | 372 | $65,536 | $131,600 | — |
| Patten | 1,154 | $51,484 | $127,600 | $389 |
More for people moving to Island Falls
Island Falls ZIP code ›Weather and climate ›Living in Island Falls: FAQ
What is the median household income in Island Falls, ME?
The median household income in Island Falls is $56,328, 25% 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 Island Falls?
The median home value in Island Falls is $108,300, compared with $296,600 in Maine.
How much is rent in Island Falls?
The median gross rent in Island Falls is $636 per month, about 18.1% of household income.
Is Island Falls, ME a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 21 minutes. Minuses: median household income 25% lower than the Maine median; unemployment of 5.3%; a poverty rate of 20.7%.
What is the median age in Island Falls?
The median age in Island Falls is 50.7 years (Maine: 44.8).
How long is the commute in Island Falls?
The average commute to work in Island Falls is 21 minutes; 6.7% of workers work from home.
What is the unemployment rate in Island Falls?
The unemployment rate in Island Falls is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Island Falls?
12.9% of adults in Island Falls 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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