Steep Falls is a city in Maine state in USA with a population of 1683 residents.. The poverty rate of Steep Falls is 21.7%, which is 55% higher than national average. The typical household in Steep Falls earns $88015 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 30 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 26% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Steep Falls, only 100% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Steep Falls remained 1.7%, which is 64% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Steep Falls, only 25% of adults have a bachelor's degree and 51% have some college but no degree.

Cost of living in Steep Falls is 0, which is 100% lower than national average. Median home value in Steep Falls is $218200 , which is 5% lower than national average. While median income in Steep Falls remained $88015, which is 30% higher than national average.