Oakfield, ME
Population 464 · Maine
About Oakfield, ME
Oakfield is a small community located in Maine with a population of 464 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,719 per year, which is 38% below the national median of $75,149. The median age of 60.1 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 Oakfield features a median home value of $67,100, which is 73% below the national median of $244,900. This makes Oakfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $575, 51% below the national average of $1,163/month. Of the 262 total housing units, 62% are owner-occupied (131 units) and 38% are renter-occupied (82 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Oakfield shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oakfield have an average one-way commute time of 15 minutes, one of the shorter commutes in the region.
Education & Demographics
10.7% of Oakfield 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 1.5% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 6.5% of the population being foreign-born.
How Oakfield Ranks in Maine
Cost of Living in Oakfield, ME
Compared to national averages, Oakfield has a median household income of $46,719 (38% below the national median of $75,149). Home values average $67,100, which is 73% below the national median. Monthly rent at $575 is 51% below the US average of $1,163. Within Maine, Oakfield's income is 28% below the state average of $64,613, and home values are 73% below the state median of $251,113.
Why Live in Oakfield, ME?
Oakfield offers affordable housing with a median home value of $67,100, below the US average of $244,900, and rent that’s lower than the national average at $575/month, and a low poverty rate of 5.4%, better than the national average. Additionally, the city features short commute times averaging just 15 minutes.
Potential considerations include median household income ($46,719) that falls below the national average. However, Oakfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oakfield has a population of 464 with a median age of 60.1 years. Compare Oakfield with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Oakfield
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Naples | 463 | $61,290 | $465,600 | Compare |
| Sabattus | 497 | $79,125 | $171,300 | Compare |
| Mattawamkeag | 428 | $36,042 | $100,800 | Compare |
| Patten | 502 | $42,000 | $65,400 | Compare |
| Danforth | 507 | $40,662 | $89,500 | Compare |
| North Anson | 420 | $39,125 | $0 | Compare |
| Cousins Island | 509 | $121,250 | $634,100 | Compare |
| Northeast Harbor | 410 | $102,500 | $604,200 | 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 Oakfield With Other Cities
Frequently Asked Questions about Oakfield
What is the population of Oakfield, ME?
The population of Oakfield, ME is 464 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maine.
What is the median household income in Oakfield?
The median household income in Oakfield, ME is $46,719 per year, which is 38% below the national median of $75,149.
What is the median home value in Oakfield?
The median home value in Oakfield, ME is $67,100, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oakfield?
The median monthly rent in Oakfield, ME is $575, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Oakfield?
The unemployment rate in Oakfield, ME is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Oakfield, ME a good place to live?
Oakfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 464 and a median age of 60.1, the city appeals to established professionals and retirees.
How educated is Oakfield, ME?
10.7% of residents in Oakfield 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 Oakfield?
Key cost-of-living indicators for Oakfield, ME: median home value is $67,100 (73% below national), median rent is $575/month, and median household income is $46,719. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oakfield?
The poverty rate in Oakfield, ME is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oakfield, ME?
Oakfield's population is 1.5% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 6.5% of residents are foreign-born.