Island Falls, ME
Population 343 · Maine
About Island Falls, ME
Island Falls is a small community in Maine with a population of 343 residents. The median household income is $53,523 per year, which is near the national average. The median age in Island Falls is 52.8 years.
Housing in Island Falls has a median home value of $64,200 and median monthly rent of $0. Of the 193 total housing units, the majority are owner-occupied, with 141 owner-occupied and 14 renter-occupied units.
The unemployment rate in Island Falls is 10.4% and the poverty rate is 20.4%. 16.8% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
How Island Falls Ranks in Maine
Cost of Living in Island Falls, ME
Compared to national averages, Island Falls has a median household income of $53,523 (29% below the national median of $75,149). Home values average $64,200, which is 74% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maine, Island Falls's income is 17% below the state average of $64,613, and home values are 74% below the state median of $251,113.
Why Live in Island Falls, ME?
Island Falls offers affordable housing with a median home value of $64,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 21.1 minutes.
Potential considerations include median household income ($53,523) that falls below the national average. However, Island Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Island Falls has a population of 343 with a median age of 52.8 years. Compare Island Falls with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Island Falls
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Standish | 344 | $0 | $373,100 | Compare |
| Winter Harbor | 321 | $54,063 | $198,700 | Compare |
| Lubec | 320 | $43,750 | $204,100 | Compare |
| Unity | 320 | $25,795 | $156,500 | Compare |
| Eagle Lake | 378 | $36,806 | $102,800 | Compare |
| Milbridge | 394 | $0 | $216,700 | Compare |
| Northeast Harbor | 410 | $102,500 | $604,200 | Compare |
| North Anson | 420 | $39,125 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Island Falls
What is the population of Island Falls, ME?
The population of Island Falls, ME is 343 according to the latest Census data.
What is the median household income in Island Falls?
The median household income in Island Falls, ME is $53,523 per year.
What is the median home value in Island Falls?
The median home value in Island Falls, ME is $64,200.
What is the average rent in Island Falls?
The median monthly rent in Island Falls, ME is $0.
What is the unemployment rate in Island Falls?
The unemployment rate in Island Falls, ME is 10.4%.