Cost of Living in Hancock County, ME
Population 56,460 · Census ACS 2020–2024 5-year estimates
The median rent in Hancock County, ME is $1,061/month, 7% lower than the Maine median and 25% lower than the U.S. median. The median home value is $310,400, 7% lower than the national median. Households earn a median of $72,744 a year, 3% lower than the state median.
Affordability
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Hancock County vs. Maine vs. U.S.
| Hancock County | Maine | U.S. | |
|---|---|---|---|
| Median rent | $1,061 | $1,139 | $1,413 |
| Median home value | $310,400 | $296,600 | $332,700 |
| Median household income | $72,744 | $74,733 | $80,734 |
| Homeownership rate | 78.5% | 74.3% | 65.2% |
| Bachelor's degree or higher | 40.1% | 36.2% | 35.7% |
| Poverty rate | 9.9% | 10.7% | 12.5% |
| Unemployment rate | 4.6% | 3.8% | 5.2% |
| Work from home | 13.7% | 15.9% | 15.1% |
| Median age | 49.0 | 44.8 | 38.9 |
FAQ
What is the average rent in Hancock County, ME?
The median gross rent in Hancock County, ME is $1,061 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Hancock County, ME?
Using the common 30% rule, renting a median-priced home takes about $42,440 a year in gross income.
Is Hancock County, ME expensive to live in?
Rent there is 25% lower than the U.S. median, and the median home costs about 4.3 times the median household income.
Other counties in Maine
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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