Living in Lake Arrowhead, Maine
Cost of living, income, home prices, rent and demographics of Lake Arrowhead · Census data 2020–2024
Lake Arrowhead has 3,322 residents with a median age of 33. The median household income is $98,654 (32% higher than the Maine median), the median home value is $267,300, the median rent is $2,288/month.
Lake Arrowhead at a glance
- Population
- 3,322
- Median age
- 33State: 44.8
- Median household income
- $98,654State: $74,733
- Median home value
- $267,300State: $296,600
- Median rent
- $2,288/moState: $1,139
- Homeowners
- 93.7%
- Bachelor's degree or higher
- 26.9%
- Average commute
- 39 min
Is Lake Arrowhead a good place to live?
Pros: Median household income 32% higher than the Maine median; home values 10% lower than the state median; unemployment of 0.8%; a poverty rate of 2.4%.
Cons: An average commute of 39 minutes.
The weather is best in June to September.
Cost of living in Lake Arrowhead
Housing is the biggest part of the cost of living. In Lake Arrowhead the median home value is $267,300, 20% lower than the U.S. median. Renters pay a median of $2,288 per month, which is 22.4% of household income. Homeowners with a mortgage pay $1,588 a month in housing costs.
Lake Arrowhead median household income
The median household income in Lake Arrowhead is $98,654 and the income per person is $35,848. 2.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Lake Arrowhead: homes for sale and rent
- Housing units
- 1,362
- Owner-occupied
- 93.7%
- Renter-occupied
- 6.3%
- Vacant
- 18.2%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.98
Lake Arrowhead demographics
- Population
- 3,322
- Median age
- 33
- Under 18
- 26.9%
- 65 and older
- 7.6%
- Households
- 1,114
- Foreign-born
- 2.3%
- Veterans
- 14.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Arrowhead ›
Education in Lake Arrowhead
26.9% of adults 25 and older in Lake Arrowhead have a bachelor's degree or higher (Maine: 36.2%), and 8.5% have a graduate or professional degree.
Jobs and commute in Lake Arrowhead
- Unemployment rate
- 0.8%State: 3.8%
- Average commute
- 39 minState: 25 min
- Work from home
- 6.9%
- Drive alone
- 83.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93%
Lake Arrowhead vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Arrowhead | 3,322 | $98,654 | $267,300 | $2,288 |
| Limerick | 3,400 | $101,172 | $269,400 | $1,758 |
| Waterboro | 8,055 | $89,392 | $297,000 | $1,200 |
| Limington | 4,017 | $84,675 | $295,600 | $1,185 |
| Hollis | 4,872 | $95,950 | $338,900 | $1,372 |
| Newfield | 1,580 | $57,188 | $318,100 | — |
| Cornish | 1,803 | $69,038 | $274,200 | $1,196 |
| Shapleigh | 2,976 | $88,140 | $356,000 | $1,349 |
| Parsonsfield | 1,715 | $72,045 | $272,100 | $1,185 |
More for people moving to Lake Arrowhead
Lake Arrowhead ZIP code ›Weather and climate ›Living in Lake Arrowhead: FAQ
What is the median household income in Lake Arrowhead, ME?
The median household income in Lake Arrowhead is $98,654, 32% higher 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 Lake Arrowhead?
The median home value in Lake Arrowhead is $267,300, compared with $296,600 in Maine.
How much is rent in Lake Arrowhead?
The median gross rent in Lake Arrowhead is $2,288 per month, about 22.4% of household income.
Is Lake Arrowhead, ME a good place to live?
Pluses: median household income 32% higher than the Maine median; home values 10% lower than the state median; unemployment of 0.8%; a poverty rate of 2.4%. Minuses: an average commute of 39 minutes.
What is the median age in Lake Arrowhead?
The median age in Lake Arrowhead is 33 years (Maine: 44.8).
How long is the commute in Lake Arrowhead?
The average commute to work in Lake Arrowhead is 39 minutes; 6.9% of workers work from home.
What is the unemployment rate in Lake Arrowhead?
The unemployment rate in Lake Arrowhead is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Arrowhead?
26.9% of adults in Lake Arrowhead 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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