Living in Damariscotta, Maine
Cost of living, income, home prices, rent and demographics of Damariscotta · Census data 2020–2024
Damariscotta has 2,192 residents with a median age of 49.3. The median household income is $59,423 (20% lower than the Maine median), the median home value is $363,500, the median rent is $1,027/month.
Damariscotta at a glance
- Population
- 2,192
- Median age
- 49.3State: 44.8
- Median household income
- $59,423State: $74,733
- Median home value
- $363,500State: $296,600
- Median rent
- $1,027/moState: $1,139
- Homeowners
- 70%
- Bachelor's degree or higher
- 41.9%
- Average commute
- 23 min
Is Damariscotta a good place to live?
Pros: An average commute of 23 minutes.
Cons: Median household income 20% lower than the Maine median; home values 23% higher than the state median; unemployment of 8.3%; a poverty rate of 11.9%.
The weather is best in June to September.
Cost of living in Damariscotta
Housing is the biggest part of the cost of living. In Damariscotta the median home value is $363,500, 9% higher than the U.S. median. Renters pay a median of $1,027 per month, which is 37.1% of household income. Homeowners with a mortgage pay $2,248 a month in housing costs.
Damariscotta median household income
The median household income in Damariscotta is $59,423 and the income per person is $42,644. 11.9% of residents live below the poverty line (Maine: 10.7%).
Housing in Damariscotta: homes for sale and rent
- Housing units
- 1,302
- Owner-occupied
- 70%
- Renter-occupied
- 30%
- Vacant
- 24.1%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.07
Damariscotta demographics
- Population
- 2,192
- Median age
- 49.3
- Under 18
- 19.4%
- 65 and older
- 31.2%
- Households
- 988
- Foreign-born
- 2.7%
- Veterans
- 11.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Damariscotta ›
Education in Damariscotta
41.9% of adults 25 and older in Damariscotta have a bachelor's degree or higher (Maine: 36.2%), and 18.7% have a graduate or professional degree.
Jobs and commute in Damariscotta
- Unemployment rate
- 8.3%State: 3.8%
- Average commute
- 23 minState: 25 min
- Work from home
- 13.2%
- Drive alone
- 80.8%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 93.7%
Damariscotta vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Damariscotta | 2,192 | $59,423 | $363,500 | $1,027 |
| Newcastle | 1,913 | $89,868 | $398,000 | $1,363 |
| Bremen | 917 | $100,000 | $425,300 | — |
| Nobleboro | 1,906 | $100,417 | $352,600 | $1,099 |
| Edgecomb | 1,251 | $108,750 | $348,400 | — |
| Friendship | 1,213 | $75,625 | $275,000 | $1,370 |
| Alna | 818 | $93,125 | $367,400 | $1,088 |
| Waldoboro | 5,253 | $69,107 | $274,900 | $348 |
| Bristol | 2,917 | $100,750 | $406,400 | $1,051 |
More for people moving to Damariscotta
Damariscotta ZIP code ›Weather and climate ›Living in Damariscotta: FAQ
What is the median household income in Damariscotta, ME?
The median household income in Damariscotta is $59,423, 20% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Damariscotta?
The median home value in Damariscotta is $363,500, compared with $296,600 in Maine.
How much is rent in Damariscotta?
The median gross rent in Damariscotta is $1,027 per month, about 37.1% of household income.
Is Damariscotta, ME a good place to live?
Pluses: an average commute of 23 minutes. Minuses: median household income 20% lower than the Maine median; home values 23% higher than the state median; unemployment of 8.3%; a poverty rate of 11.9%.
What is the median age in Damariscotta?
The median age in Damariscotta is 49.3 years (Maine: 44.8).
How long is the commute in Damariscotta?
The average commute to work in Damariscotta is 23 minutes; 13.2% of workers work from home.
What is the unemployment rate in Damariscotta?
The unemployment rate in Damariscotta is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Damariscotta?
41.9% of adults in Damariscotta have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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