Market insights · Maine
Penobscot County, ME: growth, migration and housing
Penobscot County has 157,967 residents, up 3.8% since 2020 (+0.4% in the last year). In 2022–2023, 3,611 households moved in and 3,318 moved out (+293 net), bringing in a net $11.6M of income. Median household income is $66,356, the median home $214,100 and median rent $1,041 a month.
In Maine: 7th of 16 counties for 5-year population growth · 13th of 16 counties for net in-migration (per resident) · 10th of 16 counties for median household income · 11th of 16 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Penobscot County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Hancock County, ME | 294 | $16.4M |
| Waldo County, ME | 208 | $8.6M |
| Somerset County, ME | 190 | $8.7M |
| Cumberland County, ME | 181 | $10.8M |
| Kennebec County, ME | 171 | $7.8M |
| Aroostook County, ME | 164 | $7.3M |
| Piscataquis County, ME | 148 | $5.7M |
| York County, ME | 112 | $4.3M |
Where leavers went
Top counties by households leaving Penobscot County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Hancock County, ME | 254 | $16.1M |
| Cumberland County, ME | 241 | $16.3M |
| Somerset County, ME | 189 | $7.5M |
| Kennebec County, ME | 187 | $9.0M |
| Waldo County, ME | 184 | $8.9M |
| Aroostook County, ME | 139 | $5.6M |
| Piscataquis County, ME | 134 | $5.3M |
| York County, ME | 110 | $4.9M |
BizyFi in Penobscot County
Fewer than 3 companies in the BizyFi directory are based here. Search them on the company map (company names with a free account), or browse Maine companies.
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.