Living in Monhegan, Maine
Cost of living, income, home prices, rent and demographics of Monhegan · Census data 2020–2024
Monhegan has 120 residents with a median age of 44. The median home value is $701,900, the median rent is $958/month.
Monhegan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Monhegan at a glance
- Population
- 120
- Median age
- 44State: 44.8
- Median home value
- $701,900State: $296,600
- Median rent
- $958/moState: $1,139
- Homeowners
- 83.7%
- Bachelor's degree or higher
- 60.2%
- Average commute
- 9 min
Is Monhegan a good place to live?
Pros: An average commute of 9 minutes; a poverty rate of 1.7%.
Cons: Home values 137% higher than the state median.
The weather is best in June to September.
Cost of living in Monhegan
Housing is the biggest part of the cost of living. In Monhegan the median home value is $701,900, 111% higher than the U.S. median. Renters pay a median of $958 per month, which is 20.6% of household income. Homeowners with a mortgage pay $3,578 a month in housing costs.
Housing in Monhegan: homes for sale and rent
- Housing units
- 179
- Owner-occupied
- 83.7%
- Renter-occupied
- 16.3%
- Vacant
- 72.6%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.45
72.6% of homes are vacant most of the year, a sign that Monhegan has many vacation and second homes.
Monhegan demographics
- Population
- 120
- Median age
- 44
- Under 18
- 4.2%
- 65 and older
- 16.7%
- Households
- 49
- Foreign-born
- 0.8%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Monhegan ›
Education in Monhegan
60.2% of adults 25 and older in Monhegan have a bachelor's degree or higher (Maine: 36.2%), and 13.6% have a graduate or professional degree.
Jobs and commute in Monhegan
- Unemployment rate
- 0%State: 3.8%
- Average commute
- 9 minState: 25 min
- Work from home
- 44.3%
- Drive alone
- 19.6%
- Public transit
- 0%
- Walk to work
- 34%
- Homes with broadband
- 89.8%
Monhegan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monhegan | 120 | — | $701,900 | $958 |
| St. George | 2,606 | $89,155 | $356,300 | $1,465 |
| Bristol | 2,917 | $100,750 | $406,400 | $1,051 |
| Friendship | 1,213 | $75,625 | $275,000 | $1,370 |
| Boothbay | 3,102 | $60,320 | $342,100 | $1,147 |
| South Bristol | 1,069 | $69,211 | $469,200 | $1,347 |
| Bremen | 917 | $100,000 | $425,300 | — |
| Cushing | 1,460 | $83,500 | $409,800 | $1,553 |
| Boothbay Harbor | 2,096 | $62,800 | $400,600 | $1,058 |
More for people moving to Monhegan
Monhegan ZIP code ›Weather and climate ›Living in Monhegan: FAQ
What is the average home price in Monhegan?
The median home value in Monhegan is $701,900, compared with $296,600 in Maine.
How much is rent in Monhegan?
The median gross rent in Monhegan is $958 per month, about 20.6% of household income.
Is Monhegan, ME a good place to live?
Pluses: an average commute of 9 minutes; a poverty rate of 1.7%. Minuses: home values 137% higher than the state median.
What is the median age in Monhegan?
The median age in Monhegan is 44 years (Maine: 44.8).
How long is the commute in Monhegan?
The average commute to work in Monhegan is 9 minutes; 44.3% of workers work from home.
What is the unemployment rate in Monhegan?
The unemployment rate in Monhegan is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monhegan?
60.2% of adults in Monhegan 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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