Counties › Maine

Cost of Living in Knox County, ME

Population 41,003 · Census ACS 2020–2024 5-year estimates

Median rent$1,165
Median home value$324,900
Median household income$74,096

The median rent in Knox County, ME is $1,165/month, 2% higher than the Maine median and 18% lower than the U.S. median. The median home value is $324,900, 2% lower than the national median. Households earn a median of $74,096 a year, about the same as the state median.

Affordability

Rent as a share of median income: 18.9%
Income needed for median rent (30% rule): $46,600/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,643/mo

Run your own numbers: mortgage calculator · hourly to salary

Knox County vs. Maine vs. U.S.

Knox CountyMaineU.S.
Median rent$1,165$1,139$1,413
Median home value$324,900$296,600$332,700
Median household income$74,096$74,733$80,734
Homeownership rate78.7%74.3%65.2%
Bachelor's degree or higher39.7%36.2%35.7%
Poverty rate8.2%10.7%12.5%
Unemployment rate3.9%3.8%5.2%
Work from home16.6%15.9%15.1%
Median age49.544.838.9

FAQ

What is the average rent in Knox County, ME?

The median gross rent in Knox County, ME is $1,165 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Knox County, ME?

Using the common 30% rule, renting a median-priced home takes about $46,600 a year in gross income.

Is Knox County, ME expensive to live in?

Rent there is 18% lower than the U.S. median, and the median home costs about 4.4 times the median household income.

Other counties in Maine

Cumberland County, MERent $1,589 · Income $95,677York County, MERent $1,339 · Income $88,333Penobscot County, MERent $1,041 · Income $66,356Kennebec County, MERent $992 · Income $69,077Androscoggin County, MERent $1,010 · Income $67,873Aroostook County, MERent $784 · Income $56,700

Counties with a similar cost of living

Lamoille County, VTRent $1,160 · Income $74,908Carroll County, GARent $1,153 · Income $73,714Mesa County, CORent $1,182 · Income $73,658Franklin County, MARent $1,177 · Income $74,907Inyo County, CARent $1,189 · Income $73,991Flathead County, MTRent $1,142 · Income $73,925

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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