Cost of Living in Millinocket, ME

Population 4,111 · Maine · Data vintage 2023

34
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Millinocket skews considerably older than the national median, with an average age of 58. Reported household income of $42,936 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. Unemployment has stayed elevated relative to the national figure — 12.2% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Millinocket lies roughly 230 miles northeast of the nearest major metro, Manchester. Median home values run roughly 74% lower than Manchester's $336,000.

Cost Overview

Housing 28
Rent 42

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Millinocket

The median home value in Millinocket is $86,500 — 72% below the national median of $305,000. Median rent runs $555/month, 58% lower than the national median of $1,314/month. The median household income of $42,936/year is 42% lower than the US median of $74,580. The local unemployment rate is 12.2%, above the national average of 4.8%. Maine's top state income tax rate is 7.2% and the combined sales tax is 5.5%. The climate averages highs of 52.8°F and lows of 32.7°F. Overall, Millinocket has a cost of living index of 34 versus the US average of 100, meaning it is 66% less expensive.

🏠 Housing

Median Home Value
$86,500
72% below avg
Zillow Home Value
$399,361
Zillow ZHVI
Median Rent
$555/mo
58% below avg
Price-to-Rent Ratio
13.0x
Favors buying
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$839
1 BR
$901
2 BR
$1,155
3 BR
$1,455
4 BR
$1,649
Owner-occupied 83.3%
Renter-occupied 16.7%

💰 Estimated Monthly Budget

Rent median rent
$555
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,169/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
21.2 min
21% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.6%

Commute Mode

Drove alone
75.5%
Carpooled
12.5%
Work from home
8.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.2%
Total Sales Tax 5.5%
State rate 5.5%
Avg local rate 0.0%
Property Tax 1.4%

💼 Income & Employment

Median Household Income
$42,936
42% below avg
Per Capita Income
$29,094
Unemployment Rate
12.2%
154% above avg
Poverty Rate
24.8%
Labor Force Participation
38.6%

🎓 Education

Bachelor's degree+ 13.5%
Graduate degree 6.2%

👥 Demographics

Median Age 57.7
Male median age 59.2
Female median age 56.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
52.8°F
Avg Low
32.7°F
Annual Precip
42.6"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 252838516574797869564231
Low °F 6718304252575547372715
Precip" 2.702.132.973.513.424.204.163.803.614.554.103.45

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 35 — Good
82.1%
Good air days/yr
89
Max AQI recorded
193
PM2.5 days
161
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

84%
4-Year Graduation Rate
11.4:1
Student-teacher ratio
2
Public schools
490
Total enrollment

Frequently Asked Questions

What is the cost of living in Millinocket, ME?

Millinocket has a cost index of 34 (100 = national average). It is 66% below the national average.

What is average rent in Millinocket, ME?

The median gross rent in Millinocket is $555 per month based on 2023 Census data.

What is the average home price in Millinocket?

The median home value in Millinocket is $86,500 according to Zillow and Census data.

What is the median income in Millinocket?

The median household income in Millinocket is $42,936 per year (2023 ACS 5-year estimates).

What is the sales tax in Millinocket, ME?

The combined state and local sales tax rate in Millinocket is 5.5%. The Maine state income tax top rate is 7.2%.

Is Millinocket, ME affordable?

Yes, Millinocket is generally considered affordable, with a cost of living index of 34 — about 66% below the US national average of 100.

What is the weather like in Millinocket?

Millinocket has average high temperatures of 52.8°F and average lows of 32.7°F. Annual precipitation is 42.6". Data from NOAA 1991–2020 Climate Normals.

Millinocket at a Glance

Population
4,111
Median Income
$42,936
Home Value
$86,500
Median Rent
$555/mo
Unemployment
12.2%
Avg High Temp
52.8°F
Sales Tax
5.5%
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