Living in Lovell, Maine
Cost of living, income, home prices, rent and demographics of Lovell · Census data 2020–2024
Lovell has 1,353 residents with a median age of 52.2. The median household income is $80,625 (8% higher than the Maine median), the median home value is $295,000, the median rent is $1,419/month.
Lovell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lovell at a glance
- Population
- 1,353
- Median age
- 52.2State: 44.8
- Median household income
- $80,625State: $74,733
- Median home value
- $295,000State: $296,600
- Median rent
- $1,419/moState: $1,139
- Homeowners
- 88.9%
- Bachelor's degree or higher
- 36.1%
- Average commute
- 31 min
Is Lovell a good place to live?
Pros: Median household income 8% higher than the Maine median; home values about the same as the state median; unemployment of 3.1%; a poverty rate of 10%.
Cons: An average commute of 31 minutes.
The weather is best in June to September.
Cost of living in Lovell
Housing is the biggest part of the cost of living. In Lovell the median home value is $295,000, 11% lower than the U.S. median. Renters pay a median of $1,419 per month, which is 14.5% of household income. Homeowners with a mortgage pay $1,408 a month in housing costs.
Lovell median household income
The median household income in Lovell is $80,625 and the income per person is $55,931. 10% of residents live below the poverty line (Maine: 10.7%).
Housing in Lovell: homes for sale and rent
- Housing units
- 1,360
- Owner-occupied
- 88.9%
- Renter-occupied
- 11.1%
- Vacant
- 56.4%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.28
56.4% of homes are vacant most of the year, a sign that Lovell has many vacation and second homes.
Lovell demographics
- Population
- 1,353
- Median age
- 52.2
- Under 18
- 15.4%
- 65 and older
- 26.5%
- Households
- 593
- Foreign-born
- 0.7%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lovell ›
Education in Lovell
36.1% of adults 25 and older in Lovell have a bachelor's degree or higher (Maine: 36.2%), and 12.7% have a graduate or professional degree.
Jobs and commute in Lovell
- Unemployment rate
- 3.1%State: 3.8%
- Average commute
- 31 minState: 25 min
- Work from home
- 21.8%
- Drive alone
- 62.9%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 93.9%
Lovell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lovell | 1,353 | $80,625 | $295,000 | $1,419 |
| Stow | 535 | $42,204 | $326,400 | — |
| Stoneham | 271 | $63,750 | $226,200 | $1,125 |
| Sweden | 537 | $73,750 | $311,300 | $1,667 |
| Waterford | 1,295 | $66,071 | $273,800 | $870 |
| Chatham | 430 | $66,042 | $362,900 | — |
| Fryeburg | 3,489 | $56,076 | $268,600 | $893 |
| Bridgton | 5,642 | $77,500 | $316,600 | $1,188 |
| Harrison | 2,513 | $56,938 | $249,300 | $885 |
More for people moving to Lovell
Lovell ZIP code ›Weather and climate ›Living in Lovell: FAQ
What is the median household income in Lovell, ME?
The median household income in Lovell is $80,625, 8% 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 Lovell?
The median home value in Lovell is $295,000, compared with $296,600 in Maine.
How much is rent in Lovell?
The median gross rent in Lovell is $1,419 per month, about 14.5% of household income.
Is Lovell, ME a good place to live?
Pluses: median household income 8% higher than the Maine median; home values about the same as the state median; unemployment of 3.1%; a poverty rate of 10%. Minuses: an average commute of 31 minutes.
What is the median age in Lovell?
The median age in Lovell is 52.2 years (Maine: 44.8).
How long is the commute in Lovell?
The average commute to work in Lovell is 31 minutes; 21.8% of workers work from home.
What is the unemployment rate in Lovell?
The unemployment rate in Lovell is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lovell?
36.1% of adults in Lovell 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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