Living in Monmouth, Maine
Cost of living, income, home prices, rent and demographics of Monmouth · Census data 2020–2024
Monmouth has 4,162 residents with a median age of 46.2. The median household income is $74,648 (about the same as the Maine median), the median home value is $274,100, the median rent is $1,271/month.
Monmouth at a glance
- Population
- 4,162
- Median age
- 46.2State: 44.8
- Median household income
- $74,648State: $74,733
- Median home value
- $274,100State: $296,600
- Median rent
- $1,271/moState: $1,139
- Homeowners
- 79.8%
- Bachelor's degree or higher
- 33.6%
- Average commute
- 30 min
Is Monmouth a good place to live?
Pros: Home values 8% lower than the state median; unemployment of 0.1%; a poverty rate of 9.3%.
Cons: Median household income about the same as the Maine median; an average commute of 30 minutes.
The weather is best in June to September.
Cost of living in Monmouth
Housing is the biggest part of the cost of living. In Monmouth the median home value is $274,100, 18% lower than the U.S. median. Renters pay a median of $1,271 per month, which is 36% of household income. Homeowners with a mortgage pay $1,627 a month in housing costs.
Monmouth median household income
The median household income in Monmouth is $74,648 and the income per person is $38,756. 9.3% of residents live below the poverty line (Maine: 10.7%).
Housing in Monmouth: homes for sale and rent
- Housing units
- 2,197
- Owner-occupied
- 79.8%
- Renter-occupied
- 20.2%
- Vacant
- 18.1%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.30
Monmouth demographics
- Population
- 4,162
- Median age
- 46.2
- Under 18
- 19%
- 65 and older
- 18.4%
- Households
- 1,799
- Foreign-born
- 1.4%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Monmouth ›
Education in Monmouth
33.6% of adults 25 and older in Monmouth have a bachelor's degree or higher (Maine: 36.2%), and 16.4% have a graduate or professional degree.
Jobs and commute in Monmouth
- Unemployment rate
- 0.1%State: 3.8%
- Average commute
- 30 minState: 25 min
- Work from home
- 23%
- Drive alone
- 67.4%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 93.5%
Monmouth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monmouth | 4,162 | $74,648 | $274,100 | $1,271 |
| Litchfield | 3,680 | $84,904 | $243,900 | $1,173 |
| Winthrop | 6,191 | $86,470 | $294,800 | $892 |
| Wales | 1,924 | $77,004 | $250,400 | $1,154 |
| West Gardiner | 3,696 | $96,172 | $305,100 | $1,087 |
| Greene | 4,417 | $98,093 | $270,000 | $1,194 |
| Leeds | 2,285 | $85,208 | $257,800 | $940 |
| Wayne | 1,101 | $93,194 | $362,800 | $983 |
| Farmingdale | 3,017 | $71,635 | $249,700 | $911 |
More for people moving to Monmouth
Monmouth ZIP code ›Weather and climate ›Living in Monmouth: FAQ
What is the median household income in Monmouth, ME?
The median household income in Monmouth is $74,648, about the same as 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 Monmouth?
The median home value in Monmouth is $274,100, compared with $296,600 in Maine.
How much is rent in Monmouth?
The median gross rent in Monmouth is $1,271 per month, about 36% of household income.
Is Monmouth, ME a good place to live?
Pluses: home values 8% lower than the state median; unemployment of 0.1%; a poverty rate of 9.3%. Minuses: median household income about the same as the Maine median; an average commute of 30 minutes.
What is the median age in Monmouth?
The median age in Monmouth is 46.2 years (Maine: 44.8).
How long is the commute in Monmouth?
The average commute to work in Monmouth is 30 minutes; 23% of workers work from home.
What is the unemployment rate in Monmouth?
The unemployment rate in Monmouth is 0.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monmouth?
33.6% of adults in Monmouth 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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