Living in Stoneham, Maine
Cost of living, income, home prices, rent and demographics of Stoneham · Census data 2020–2024
Stoneham has 271 residents with a median age of 60.6. The median household income is $63,750 (15% lower than the Maine median), the median home value is $226,200, the median rent is $1,125/month.
Stoneham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Stoneham at a glance
- Population
- 271
- Median age
- 60.6State: 44.8
- Median household income
- $63,750State: $74,733
- Median home value
- $226,200State: $296,600
- Median rent
- $1,125/moState: $1,139
- Homeowners
- 89.8%
- Bachelor's degree or higher
- 37.8%
- Average commute
- 29 min
Is Stoneham a good place to live?
Pros: Home values 24% lower than the state median; unemployment of 1.8%; a poverty rate of 7.4%.
Cons: Median household income 15% lower than the Maine median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Stoneham
Housing is the biggest part of the cost of living. In Stoneham the median home value is $226,200, 32% lower than the U.S. median. Renters pay a median of $1,125 per month, which is 51% of household income. Homeowners with a mortgage pay $1,788 a month in housing costs.
Stoneham median household income
The median household income in Stoneham is $63,750 and the income per person is $35,821. 7.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Stoneham: homes for sale and rent
- Housing units
- 327
- Owner-occupied
- 89.8%
- Renter-occupied
- 10.2%
- Vacant
- 63.9%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.30
63.9% of homes are vacant most of the year, a sign that Stoneham has many vacation and second homes.
Stoneham demographics
- Population
- 271
- Median age
- 60.6
- Under 18
- 5.9%
- 65 and older
- 41%
- Households
- 118
- Foreign-born
- 1.1%
- Veterans
- 16.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Stoneham ›
Education in Stoneham
37.8% of adults 25 and older in Stoneham have a bachelor's degree or higher (Maine: 36.2%), and 16.6% have a graduate or professional degree.
Jobs and commute in Stoneham
- Unemployment rate
- 1.8%State: 3.8%
- Average commute
- 29 minState: 25 min
- Work from home
- 40.7%
- Drive alone
- 50.9%
- Public transit
- 1.9%
- Walk to work
- 1.9%
- Homes with broadband
- 87.3%
Stoneham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stoneham | 271 | $63,750 | $226,200 | $1,125 |
| Lovell | 1,353 | $80,625 | $295,000 | $1,419 |
| Stow | 535 | $42,204 | $326,400 | — |
| Waterford | 1,295 | $66,071 | $273,800 | $870 |
| Gilead | 187 | $42,344 | $235,000 | $993 |
| Sweden | 537 | $73,750 | $311,300 | $1,667 |
| Greenwood | 781 | $76,146 | $228,700 | $1,263 |
| Shelburne | 530 | $93,125 | $280,200 | $1,130 |
| Chatham | 430 | $66,042 | $362,900 | — |
More for people moving to Stoneham
Stoneham ZIP code ›Weather and climate ›Living in Stoneham: FAQ
What is the median household income in Stoneham, ME?
The median household income in Stoneham is $63,750, 15% 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 Stoneham?
The median home value in Stoneham is $226,200, compared with $296,600 in Maine.
How much is rent in Stoneham?
The median gross rent in Stoneham is $1,125 per month, about 51% of household income.
Is Stoneham, ME a good place to live?
Pluses: home values 24% lower than the state median; unemployment of 1.8%; a poverty rate of 7.4%. Minuses: median household income 15% lower than the Maine median; an average commute of 29 minutes.
What is the median age in Stoneham?
The median age in Stoneham is 60.6 years (Maine: 44.8).
How long is the commute in Stoneham?
The average commute to work in Stoneham is 29 minutes; 40.7% of workers work from home.
What is the unemployment rate in Stoneham?
The unemployment rate in Stoneham is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stoneham?
37.8% of adults in Stoneham 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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