Living in Steep Falls, Maine
Cost of living, income, home prices, rent and demographics of Steep Falls · Census data 2020–2024
Steep Falls has 1,861 residents with a median age of 44.1. The median household income is $80,280 (7% higher than the Maine median), the median home value is $243,400, the median rent is $1,516/month.
Steep Falls at a glance
- Population
- 1,861
- Median age
- 44.1State: 44.8
- Median household income
- $80,280State: $74,733
- Median home value
- $243,400State: $296,600
- Median rent
- $1,516/moState: $1,139
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 14.5%
- Average commute
- 31 min
Is Steep Falls a good place to live?
Pros: Median household income 7% higher than the Maine median; home values 18% lower than the state median; unemployment of 1%; a poverty rate of 7.2%.
Cons: An average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Steep Falls
Housing is the biggest part of the cost of living. In Steep Falls the median home value is $243,400, 27% lower than the U.S. median. Renters pay a median of $1,516 per month, which is 34.5% of household income. Homeowners with a mortgage pay $1,392 a month in housing costs.
Steep Falls median household income
The median household income in Steep Falls is $80,280 and the income per person is $27,065. 7.2% of residents live below the poverty line (Maine: 10.7%).
Housing in Steep Falls: homes for sale and rent
- Housing units
- 660
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 3.01
Steep Falls demographics
- Population
- 1,861
- Median age
- 44.1
- Under 18
- 22.9%
- 65 and older
- 9.7%
- Households
- 615
- Foreign-born
- 0%
- Veterans
- 15.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Steep Falls ›
Education in Steep Falls
14.5% of adults 25 and older in Steep Falls have a bachelor's degree or higher (Maine: 36.2%), and 6.1% have a graduate or professional degree.
Jobs and commute in Steep Falls
- Unemployment rate
- 1%State: 3.8%
- Average commute
- 31 minState: 25 min
- Work from home
- 4%
- Drive alone
- 90.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.5%
Steep Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Steep Falls | 1,861 | $80,280 | $243,400 | $1,516 |
| Standish | 10,662 | $104,593 | $336,000 | $983 |
| Limington | 4,017 | $84,675 | $295,600 | $1,185 |
| Sebago | 2,073 | $78,438 | $298,000 | $1,533 |
| Baldwin | 1,170 | $68,045 | $263,200 | — |
| North Windham | 5,417 | $88,522 | $342,800 | $1,248 |
| Little Falls | 718 | $127,500 | $375,800 | $2,205 |
| Gorham | 18,300 | $112,312 | $460,900 | $1,680 |
| Cornish | 1,803 | $69,038 | $274,200 | $1,196 |
More for people moving to Steep Falls
Steep Falls ZIP code ›Weather and climate ›Living in Steep Falls: FAQ
What is the median household income in Steep Falls, ME?
The median household income in Steep Falls is $80,280, 7% 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 Steep Falls?
The median home value in Steep Falls is $243,400, compared with $296,600 in Maine.
How much is rent in Steep Falls?
The median gross rent in Steep Falls is $1,516 per month, about 34.5% of household income.
Is Steep Falls, ME a good place to live?
Pluses: median household income 7% higher than the Maine median; home values 18% lower than the state median; unemployment of 1%; a poverty rate of 7.2%. Minuses: an average commute of 31 minutes.
What is the median age in Steep Falls?
The median age in Steep Falls is 44.1 years (Maine: 44.8).
How long is the commute in Steep Falls?
The average commute to work in Steep Falls is 31 minutes; 4% of workers work from home.
What is the unemployment rate in Steep Falls?
The unemployment rate in Steep Falls is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Steep Falls?
14.5% of adults in Steep Falls 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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