Living in Reed, Maine
Cost of living, income, home prices, rent and demographics of Reed · Census data 2020–2024
Reed has 105 residents with a median age of 55. The median household income is $37,250 (50% lower than the Maine median), the median home value is $109,600.
Reed is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Reed at a glance
- Population
- 105
- Median age
- 55State: 44.8
- Median household income
- $37,250State: $74,733
- Median home value
- $109,600State: $296,600
- Homeowners
- 80%
- Bachelor's degree or higher
- 5.5%
- Average commute
- 54 min
Is Reed a good place to live?
Pros: Home values 63% lower than the state median; a poverty rate of 9.5%.
Cons: Median household income 50% lower than the Maine median; an average commute of 54 minutes.
The weather is best in June to September.
Cost of living in Reed
Housing is the biggest part of the cost of living. In Reed the median home value is $109,600, 67% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Reed median household income
The median household income in Reed is $37,250 and the income per person is $40,801. 9.5% of residents live below the poverty line (Maine: 10.7%).
Housing in Reed: homes for sale and rent
- Housing units
- 85
- Owner-occupied
- 80%
- Renter-occupied
- 20%
- Vacant
- 35.3%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 1.91
35.3% of homes are vacant most of the year, a sign that Reed has many vacation and second homes.
Reed demographics
- Population
- 105
- Median age
- 55
- Under 18
- 2.9%
- 65 and older
- 24.8%
- Households
- 55
- Foreign-born
- 0%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Reed ›
Education in Reed
5.5% of adults 25 and older in Reed have a bachelor's degree or higher (Maine: 36.2%), and 0% have a graduate or professional degree.
Jobs and commute in Reed
- Unemployment rate
- 0%State: 3.8%
- Average commute
- 54 minState: 25 min
- Work from home
- 9.1%
- Drive alone
- 87.9%
- Public transit
- 0%
- Walk to work
- 3%
- Homes with broadband
- 90.9%
Reed vs nearby towns
More for people moving to Reed
Reed ZIP code ›Weather and climate ›Living in Reed: FAQ
What is the median household income in Reed, ME?
The median household income in Reed is $37,250, 50% 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 Reed?
The median home value in Reed is $109,600, compared with $296,600 in Maine.
Is Reed, ME a good place to live?
Pluses: home values 63% lower than the state median; a poverty rate of 9.5%. Minuses: median household income 50% lower than the Maine median; an average commute of 54 minutes.
What is the median age in Reed?
The median age in Reed is 55 years (Maine: 44.8).
How long is the commute in Reed?
The average commute to work in Reed is 54 minutes; 9.1% of workers work from home.
What is the unemployment rate in Reed?
The unemployment rate in Reed is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Reed?
5.5% of adults in Reed 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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