Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 60.0 yrs |
|---|---|
| Avg HH Size | 1.83 |
| Below Poverty | 15.7% ▲ 57% above avg |
| College Grads | 75.7% ▲ 95% above avg |
| Unemployment | 2.5% ▼ 48% below avg |
| No HS Diploma | 9 (1.3%) |
| HS Graduate | 93 (13.7%) |
| Some College | 31 (4.6%) |
| Associates | 32 (4.7%) |
| Bachelors | 43 (6.3%) |
| Graduate Degree | 470 (69.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $84,120 ▲ 10% above avg |
|---|---|
| Median Home Value | $488,400 ▲ 75% above avg |
| Home/Income Ratio | 5.8x (nat avg ~3.5x) |
| Median Rent | $1,484/mo |
| Total Housing Units | 1,059 |
| Vacant Units | 632 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Peaks Island is a city in Maine, located in Cumberland County. The city spans 1 ZIP code and is home to approximately 788 residents. It is an older city, with a median age of 60 years.
Economically, Peaks Island is a middle-income community. The median household income of $84,120 is near the national average. Approximately 15.7% of residents live below the poverty line. The unemployment rate is 2.5%, below the national average.
The real estate market in Peaks Island is a premium housing market. Median home values stand at $488,400, which is significantly above the national average. Renters typically pay around $1,484 per month. Homeownership is high at 86.7%, typical of suburban and family-oriented communities.
The population of Peaks Island is highly educated. 75.7% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (91.5%).
Peaks Island, ME offers residents above-average earning potential within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04108 | 788 | $84,120 | $488,400 | $1,484 | 2.5% | 75.7% | 86.7% |