Living in Minot, Maine
Cost of living, income, home prices, rent and demographics of Minot · Census data 2020–2024
Minot has 2,794 residents with a median age of 49. The median household income is $95,655 (28% higher than the Maine median), the median home value is $294,900, the median rent is $878/month.
Minot at a glance
- Population
- 2,794
- Median age
- 49State: 44.8
- Median household income
- $95,655State: $74,733
- Median home value
- $294,900State: $296,600
- Median rent
- $878/moState: $1,139
- Homeowners
- 96%
- Bachelor's degree or higher
- 25.9%
- Average commute
- 25 min
Is Minot a good place to live?
Pros: Median household income 28% higher than the Maine median; home values about the same as the state median; unemployment of 1.6%; a poverty rate of 6.2%.
Cons: An average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Minot
Housing is the biggest part of the cost of living. In Minot the median home value is $294,900, 11% lower than the U.S. median. Renters pay a median of $878 per month, which is 23.9% of household income. Homeowners with a mortgage pay $1,822 a month in housing costs.
Minot median household income
The median household income in Minot is $95,655 and the income per person is $54,449. 6.2% of residents live below the poverty line (Maine: 10.7%).
Housing in Minot: homes for sale and rent
- Housing units
- 1,157
- Owner-occupied
- 96%
- Renter-occupied
- 4%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.49
Minot demographics
- Population
- 2,794
- Median age
- 49
- Under 18
- 16.4%
- 65 and older
- 21.3%
- Households
- 1,120
- Foreign-born
- 1.7%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Minot ›
Education in Minot
25.9% of adults 25 and older in Minot have a bachelor's degree or higher (Maine: 36.2%), and 6.8% have a graduate or professional degree.
Jobs and commute in Minot
- Unemployment rate
- 1.6%State: 3.8%
- Average commute
- 25 minState: 25 min
- Work from home
- 16.8%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 95.4%
Minot vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Minot | 2,794 | $95,655 | $294,900 | $878 |
| Mechanic Falls | 3,134 | $69,914 | $270,900 | $1,076 |
| Hebron | 1,105 | $92,550 | $242,300 | — |
| Auburn | 24,602 | $66,647 | $282,000 | $1,041 |
| Oxford | 4,333 | $58,571 | $194,200 | $977 |
| Poland | 5,954 | $85,557 | $283,600 | $1,198 |
| Buckfield | 2,403 | $77,917 | $227,700 | $521 |
| Lewiston | 38,324 | $55,393 | $235,100 | $986 |
| Turner | 5,891 | $100,036 | $284,900 | $584 |
More for people moving to Minot
Minot ZIP code ›Weather and climate ›Living in Minot: FAQ
What is the median household income in Minot, ME?
The median household income in Minot is $95,655, 28% 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 Minot?
The median home value in Minot is $294,900, compared with $296,600 in Maine.
How much is rent in Minot?
The median gross rent in Minot is $878 per month, about 23.9% of household income.
Is Minot, ME a good place to live?
Pluses: median household income 28% higher than the Maine median; home values about the same as the state median; unemployment of 1.6%; a poverty rate of 6.2%. Minuses: an average commute of 25 minutes.
What is the median age in Minot?
The median age in Minot is 49 years (Maine: 44.8).
How long is the commute in Minot?
The average commute to work in Minot is 25 minutes; 16.8% of workers work from home.
What is the unemployment rate in Minot?
The unemployment rate in Minot is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Minot?
25.9% of adults in Minot 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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