Millinocket, ME
Population 4,111 · Maine
About Millinocket, ME
Millinocket is a small town located in Maine with a population of 4,111 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,936 per year, which is 43% below the national median of $75,149. The median age of 57.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Millinocket features a median home value of $86,500, which is 65% below the national median of $244,900. This makes Millinocket one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $555, 52% below the national average of $1,163/month. Of the 2,559 total housing units, 83% are owner-occupied (1,769 units) and 17% are renter-occupied (354 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Millinocket shows an unemployment rate of 12.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.8%, above the national average of 12.4%. Workers in Millinocket have an average one-way commute time of 23.7 minutes.
Education & Demographics
19.8% of Millinocket residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
How Millinocket Ranks in Maine
Cost of Living in Millinocket, ME
Compared to national averages, Millinocket has a median household income of $42,936 (43% below the national median of $75,149). Home values average $86,500, which is 65% below the national median. Monthly rent at $555 is 52% below the US average of $1,163. Within Maine, Millinocket's income is 34% below the state average of $64,613, and home values are 66% below the state median of $251,113.
Why Live in Millinocket, ME?
Millinocket offers affordable housing with a median home value of $86,500, below the US average of $244,900, and rent that’s lower than the national average at $555/month, and short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($42,936) that falls below the national average. However, Millinocket’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millinocket has a population of 4,111 with a median age of 57.7 years. Compare Millinocket with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Millinocket
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lisbon Falls | 4,185 | $71,513 | $237,800 | Compare |
| South Eliot | 4,021 | $96,705 | $437,800 | Compare |
| Rumford | 4,017 | $32,240 | $115,300 | Compare |
| York Harbor | 3,853 | $91,675 | $561,700 | Compare |
| Camden | 3,665 | $80,897 | $473,800 | Compare |
| Lisbon | 3,453 | $72,066 | $217,200 | Compare |
| South Berwick | 3,441 | $77,493 | $340,800 | Compare |
| Farmington | 4,879 | $39,646 | $161,800 | 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.
Compare Millinocket With Other Cities
Frequently Asked Questions about Millinocket
What is the population of Millinocket, ME?
The population of Millinocket, ME is 4,111 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Millinocket?
The median household income in Millinocket, ME is $42,936 per year, which is 43% below the national median of $75,149.
What is the median home value in Millinocket?
The median home value in Millinocket, ME is $86,500, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Millinocket?
The median monthly rent in Millinocket, ME is $555, which is 52% below the national average of $1,163/month.
What is the unemployment rate in Millinocket?
The unemployment rate in Millinocket, ME is 12.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Millinocket, ME a good place to live?
Millinocket offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 4,111 and a median age of 57.7, the city appeals to established professionals and retirees.
How educated is Millinocket, ME?
19.8% of residents in Millinocket aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Millinocket?
Key cost-of-living indicators for Millinocket, ME: median home value is $86,500 (65% below national), median rent is $555/month, and median household income is $42,936. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Millinocket?
The poverty rate in Millinocket, ME is 24.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Millinocket, ME?
Millinocket's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.2% of residents are foreign-born.