Living in Phippsburg, Maine
Cost of living, income, home prices, rent and demographics of Phippsburg · Census data 2020–2024
Phippsburg has 2,238 residents with a median age of 54.3. The median household income is $107,833 (44% higher than the Maine median), the median home value is $335,800, the median rent is $1,022/month.
Phippsburg at a glance
- Population
- 2,238
- Median age
- 54.3State: 44.8
- Median household income
- $107,833State: $74,733
- Median home value
- $335,800State: $296,600
- Median rent
- $1,022/moState: $1,139
- Homeowners
- 81.8%
- Bachelor's degree or higher
- 37.7%
- Average commute
- 21 min
Is Phippsburg a good place to live?
Pros: Median household income 44% higher than the Maine median; an average commute of 21 minutes; unemployment of 1.5%; a poverty rate of 7.5%.
Cons: Home values 13% higher than the state median.
The weather is best in June to September.
Cost of living in Phippsburg
Housing is the biggest part of the cost of living. In Phippsburg the median home value is $335,800, about the same as the U.S. median. Renters pay a median of $1,022 per month, which is 14.3% of household income. Homeowners with a mortgage pay $1,602 a month in housing costs.
Phippsburg median household income
The median household income in Phippsburg is $107,833 and the income per person is $50,930. 7.5% of residents live below the poverty line (Maine: 10.7%).
Housing in Phippsburg: homes for sale and rent
- Housing units
- 1,763
- Owner-occupied
- 81.8%
- Renter-occupied
- 18.2%
- Vacant
- 40.4%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.13
40.4% of homes are vacant most of the year, a sign that Phippsburg has many vacation and second homes.
Phippsburg demographics
- Population
- 2,238
- Median age
- 54.3
- Under 18
- 11.5%
- 65 and older
- 34.4%
- Households
- 1,050
- Foreign-born
- 0.3%
- Veterans
- 12.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Phippsburg ›
Education in Phippsburg
37.7% of adults 25 and older in Phippsburg have a bachelor's degree or higher (Maine: 36.2%), and 15.9% have a graduate or professional degree.
Jobs and commute in Phippsburg
- Unemployment rate
- 1.5%State: 3.8%
- Average commute
- 21 minState: 25 min
- Work from home
- 11.7%
- Drive alone
- 83.8%
- Public transit
- 3.2%
- Walk to work
- 0%
- Homes with broadband
- 91.5%
Phippsburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Phippsburg | 2,238 | $107,833 | $335,800 | $1,022 |
| Georgetown | 1,012 | $84,250 | $427,200 | $1,431 |
| Harpswell | 5,046 | $96,250 | $609,700 | $1,348 |
| Arrowsic | 597 | $99,107 | $584,200 | $1,600 |
| West Bath | 1,863 | $103,333 | $422,800 | $1,112 |
| Southport | 550 | $89,000 | $495,800 | $1,094 |
| Boothbay Harbor | 2,096 | $62,800 | $400,600 | $1,058 |
| Boothbay | 3,102 | $60,320 | $342,100 | $1,147 |
| Chebeague Island | 555 | $67,639 | $651,400 | $2,063 |
More for people moving to Phippsburg
Phippsburg ZIP code ›Weather and climate ›Living in Phippsburg: FAQ
What is the median household income in Phippsburg, ME?
The median household income in Phippsburg is $107,833, 44% 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 Phippsburg?
The median home value in Phippsburg is $335,800, compared with $296,600 in Maine.
How much is rent in Phippsburg?
The median gross rent in Phippsburg is $1,022 per month, about 14.3% of household income.
Is Phippsburg, ME a good place to live?
Pluses: median household income 44% higher than the Maine median; an average commute of 21 minutes; unemployment of 1.5%; a poverty rate of 7.5%. Minuses: home values 13% higher than the state median.
What is the median age in Phippsburg?
The median age in Phippsburg is 54.3 years (Maine: 44.8).
How long is the commute in Phippsburg?
The average commute to work in Phippsburg is 21 minutes; 11.7% of workers work from home.
What is the unemployment rate in Phippsburg?
The unemployment rate in Phippsburg is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Phippsburg?
37.7% of adults in Phippsburg 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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