Living in Portage Lake, Maine
Cost of living, income, home prices, rent and demographics of Portage Lake · Census data 2020–2024
Portage Lake has 374 residents with a median age of 66.2. The median household income is $60,000 (20% lower than the Maine median), the median home value is $202,200, the median rent is $1,100/month.
Portage Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Portage Lake at a glance
- Population
- 374
- Median age
- 66.2State: 44.8
- Median household income
- $60,000State: $74,733
- Median home value
- $202,200State: $296,600
- Median rent
- $1,100/moState: $1,139
- Homeowners
- 93.8%
- Bachelor's degree or higher
- 11.6%
- Average commute
- 25 min
Is Portage Lake a good place to live?
Pros: Home values 32% lower than the state median; unemployment of 2.6%.
Cons: Median household income 20% lower than the Maine median; an average commute of 25 minutes; a poverty rate of 12%.
The weather is best in June to September.
Cost of living in Portage Lake
Housing is the biggest part of the cost of living. In Portage Lake the median home value is $202,200, 39% lower than the U.S. median. Renters pay a median of $1,100 per month, which is 28.3% of household income. Homeowners with a mortgage pay $1,090 a month in housing costs.
Portage Lake median household income
The median household income in Portage Lake is $60,000 and the income per person is $45,836. 12% of residents live below the poverty line (Maine: 10.7%).
Housing in Portage Lake: homes for sale and rent
- Housing units
- 472
- Owner-occupied
- 93.8%
- Renter-occupied
- 6.3%
- Vacant
- 59.3%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 1.95
59.3% of homes are vacant most of the year, a sign that Portage Lake has many vacation and second homes.
Portage Lake demographics
- Population
- 374
- Median age
- 66.2
- Under 18
- 5.1%
- 65 and older
- 55.9%
- Households
- 192
- Foreign-born
- 5.9%
- Veterans
- 14.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Portage Lake ›
Education in Portage Lake
11.6% of adults 25 and older in Portage Lake have a bachelor's degree or higher (Maine: 36.2%), and 7.2% have a graduate or professional degree.
Jobs and commute in Portage Lake
- Unemployment rate
- 2.6%State: 3.8%
- Average commute
- 25 minState: 25 min
- Work from home
- 14.9%
- Drive alone
- 77%
- Public transit
- 0%
- Walk to work
- 1.4%
- Homes with broadband
- 87%
Portage Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Portage Lake | 374 | $60,000 | $202,200 | $1,100 |
| Ashland | 1,080 | $46,838 | $125,000 | — |
| Wade | 244 | $41,818 | $157,100 | — |
| Castle Hill | 281 | $54,250 | $145,300 | $950 |
| Winterville | 248 | $47,500 | $204,100 | — |
| Perham | 326 | $62,500 | $117,600 | — |
| Westmanland | 108 | $63,750 | $222,900 | — |
| Washburn | 1,355 | $56,196 | $112,900 | $482 |
| Woodland | 1,196 | $64,464 | $150,300 | — |
More for people moving to Portage Lake
Portage Lake ZIP code ›Weather and climate ›Living in Portage Lake: FAQ
What is the median household income in Portage Lake, ME?
The median household income in Portage Lake is $60,000, 20% 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 Portage Lake?
The median home value in Portage Lake is $202,200, compared with $296,600 in Maine.
How much is rent in Portage Lake?
The median gross rent in Portage Lake is $1,100 per month, about 28.3% of household income.
Is Portage Lake, ME a good place to live?
Pluses: home values 32% lower than the state median; unemployment of 2.6%. Minuses: median household income 20% lower than the Maine median; an average commute of 25 minutes; a poverty rate of 12%.
What is the median age in Portage Lake?
The median age in Portage Lake is 66.2 years (Maine: 44.8).
How long is the commute in Portage Lake?
The average commute to work in Portage Lake is 25 minutes; 14.9% of workers work from home.
What is the unemployment rate in Portage Lake?
The unemployment rate in Portage Lake is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Portage Lake?
11.6% of adults in Portage Lake 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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