Living in Hallowell, Maine
Cost of living, income, home prices, rent and demographics of Hallowell · Census data 2020–2024
Hallowell has 2,592 residents with a median age of 50.3. The median household income is $68,398 (8% lower than the Maine median), the median home value is $295,300, the median rent is $890/month.
Hallowell at a glance
- Population
- 2,592
- Median age
- 50.3State: 44.8
- Median household income
- $68,398State: $74,733
- Median home value
- $295,300State: $296,600
- Median rent
- $890/moState: $1,139
- Homeowners
- 58.3%
- Bachelor's degree or higher
- 52.5%
- Average commute
- 14 min
Is Hallowell a good place to live?
Pros: Home values about the same as the state median; an average commute of 14 minutes; unemployment of 0.3%; a poverty rate of 7.8%.
Cons: Median household income 8% lower than the Maine median.
The weather is best in June to September.
Cost of living in Hallowell
Housing is the biggest part of the cost of living. In Hallowell the median home value is $295,300, 11% lower than the U.S. median. Renters pay a median of $890 per month, which is 26.5% of household income. Homeowners with a mortgage pay $1,875 a month in housing costs.
Hallowell median household income
The median household income in Hallowell is $68,398 and the income per person is $46,949. 7.8% of residents live below the poverty line (Maine: 10.7%).
Housing in Hallowell: homes for sale and rent
- Housing units
- 1,455
- Owner-occupied
- 58.3%
- Renter-occupied
- 41.7%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 1.97
Hallowell demographics
- Population
- 2,592
- Median age
- 50.3
- Under 18
- 13.2%
- 65 and older
- 33.2%
- Households
- 1,289
- Foreign-born
- 3.5%
- Veterans
- 8.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Hallowell ›
Education in Hallowell
52.5% of adults 25 and older in Hallowell have a bachelor's degree or higher (Maine: 36.2%), and 25% have a graduate or professional degree.
Jobs and commute in Hallowell
- Unemployment rate
- 0.3%State: 3.8%
- Average commute
- 14 minState: 25 min
- Work from home
- 19.8%
- Drive alone
- 68.7%
- Public transit
- 0%
- Walk to work
- 4.5%
- Homes with broadband
- 91.4%
Hallowell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hallowell | 2,592 | $68,398 | $295,300 | $890 |
| Farmingdale | 3,017 | $71,635 | $249,700 | $911 |
| Manchester | 2,424 | $92,031 | $299,600 | $993 |
| Chelsea | 2,823 | $85,471 | $182,300 | $1,373 |
| Randolph | 1,610 | $66,574 | $174,300 | $1,186 |
| West Gardiner | 3,696 | $96,172 | $305,100 | $1,087 |
| Augusta | 19,077 | $47,979 | $201,000 | $919 |
| Gardiner | 6,088 | $71,782 | $221,600 | $1,113 |
| Winthrop | 6,191 | $86,470 | $294,800 | $892 |
More for people moving to Hallowell
Hallowell ZIP code ›Weather and climate ›Living in Hallowell: FAQ
What is the median household income in Hallowell, ME?
The median household income in Hallowell is $68,398, 8% 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 Hallowell?
The median home value in Hallowell is $295,300, compared with $296,600 in Maine.
How much is rent in Hallowell?
The median gross rent in Hallowell is $890 per month, about 26.5% of household income.
Is Hallowell, ME a good place to live?
Pluses: home values about the same as the state median; an average commute of 14 minutes; unemployment of 0.3%; a poverty rate of 7.8%. Minuses: median household income 8% lower than the Maine median.
What is the median age in Hallowell?
The median age in Hallowell is 50.3 years (Maine: 44.8).
How long is the commute in Hallowell?
The average commute to work in Hallowell is 14 minutes; 19.8% of workers work from home.
What is the unemployment rate in Hallowell?
The unemployment rate in Hallowell is 0.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hallowell?
52.5% of adults in Hallowell 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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