Living in Medway, Maine
Cost of living, income, home prices, rent and demographics of Medway · Census data 2020–2024
Medway has 996 residents with a median age of 55.3. The median household income is $55,982 (25% lower than the Maine median), the median home value is $100,400, the median rent is $825/month.
Medway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Medway at a glance
- Population
- 996
- Median age
- 55.3State: 44.8
- Median household income
- $55,982State: $74,733
- Median home value
- $100,400State: $296,600
- Median rent
- $825/moState: $1,139
- Homeowners
- 92.4%
- Bachelor's degree or higher
- 4.7%
- Average commute
- 27 min
Is Medway a good place to live?
Pros: Home values 66% lower than the state median.
Cons: Median household income 25% lower than the Maine median; an average commute of 27 minutes; unemployment of 5.2%; a poverty rate of 11.4%.
The weather is best in June to September.
Cost of living in Medway
Housing is the biggest part of the cost of living. In Medway the median home value is $100,400, 70% lower than the U.S. median. Renters pay a median of $825 per month, which is 24.3% of household income. Homeowners with a mortgage pay $1,088 a month in housing costs.
Medway median household income
The median household income in Medway is $55,982 and the income per person is $29,169. 11.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Medway: homes for sale and rent
- Housing units
- 583
- Owner-occupied
- 92.4%
- Renter-occupied
- 7.6%
- Vacant
- 20.8%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.16
Medway demographics
- Population
- 996
- Median age
- 55.3
- Under 18
- 18.3%
- 65 and older
- 23%
- Households
- 462
- Foreign-born
- 0.5%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Medway ›
Education in Medway
4.7% of adults 25 and older in Medway have a bachelor's degree or higher (Maine: 36.2%), and 1.9% have a graduate or professional degree.
Jobs and commute in Medway
- Unemployment rate
- 5.2%State: 3.8%
- Average commute
- 27 minState: 25 min
- Work from home
- 6.8%
- Drive alone
- 91.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81.8%
Medway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medway | 996 | $55,982 | $100,400 | $825 |
| East Millinocket | 1,495 | $42,011 | $86,200 | $449 |
| Woodville | 198 | $49,722 | $107,100 | — |
| Millinocket | 4,115 | $51,007 | $103,800 | $451 |
| Mattawamkeag | 698 | $45,000 | $104,200 | $488 |
| Winn | 287 | $36,333 | $95,600 | $850 |
| Chester | 598 | $64,500 | $172,500 | $833 |
| Stacyville | 465 | $54,583 | $101,700 | $880 |
| Lincoln | 4,890 | $56,089 | $141,500 | $658 |
More for people moving to Medway
Medway ZIP code ›Weather and climate ›Living in Medway: FAQ
What is the median household income in Medway, ME?
The median household income in Medway is $55,982, 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 Medway?
The median home value in Medway is $100,400, compared with $296,600 in Maine.
How much is rent in Medway?
The median gross rent in Medway is $825 per month, about 24.3% of household income.
Is Medway, ME a good place to live?
Pluses: home values 66% lower than the state median. Minuses: median household income 25% lower than the Maine median; an average commute of 27 minutes; unemployment of 5.2%; a poverty rate of 11.4%.
What is the median age in Medway?
The median age in Medway is 55.3 years (Maine: 44.8).
How long is the commute in Medway?
The average commute to work in Medway is 27 minutes; 6.8% of workers work from home.
What is the unemployment rate in Medway?
The unemployment rate in Medway is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medway?
4.7% of adults in Medway 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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