Living in New Sweden, Maine
Cost of living, income, home prices, rent and demographics of New Sweden · Census data 2020–2024
New Sweden has 494 residents with a median age of 50.5. The median household income is $58,333 (22% lower than the Maine median), the median home value is $164,700, the median rent is $658/month.
New Sweden is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Sweden at a glance
- Population
- 494
- Median age
- 50.5State: 44.8
- Median household income
- $58,333State: $74,733
- Median home value
- $164,700State: $296,600
- Median rent
- $658/moState: $1,139
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 29.4%
- Average commute
- 28 min
Is New Sweden a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 22% lower than the Maine median; an average commute of 28 minutes; unemployment of 4.9%; a poverty rate of 16%.
The weather is best in June to September.
Cost of living in New Sweden
Housing is the biggest part of the cost of living. In New Sweden the median home value is $164,700, 50% lower than the U.S. median. Renters pay a median of $658 per month, which is 20.6% of household income. Homeowners with a mortgage pay $1,028 a month in housing costs.
New Sweden median household income
The median household income in New Sweden is $58,333 and the income per person is $33,197. 16% of residents live below the poverty line (Maine: 10.7%).
Housing in New Sweden: homes for sale and rent
- Housing units
- 261
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 21.8%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.42
New Sweden demographics
- Population
- 494
- Median age
- 50.5
- Under 18
- 23.1%
- 65 and older
- 30.8%
- Households
- 204
- Foreign-born
- 0.8%
- Veterans
- 16.8%Adults 18+
Hispanic or Latino can be of any race. Population history of New Sweden ›
Education in New Sweden
29.4% of adults 25 and older in New Sweden have a bachelor's degree or higher (Maine: 36.2%), and 5% have a graduate or professional degree.
Jobs and commute in New Sweden
- Unemployment rate
- 4.9%State: 3.8%
- Average commute
- 28 minState: 25 min
- Work from home
- 3%
- Drive alone
- 86.3%
- Public transit
- 0%
- Walk to work
- 3.6%
- Homes with broadband
- 82.4%
New Sweden vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Sweden | 494 | $58,333 | $164,700 | $658 |
| Westmanland | 108 | $63,750 | $222,900 | — |
| Woodland | 1,196 | $64,464 | $150,300 | — |
| Stockholm | 222 | $60,833 | $144,800 | $1,094 |
| Perham | 326 | $62,500 | $117,600 | — |
| Caswell | 243 | $43,173 | $85,000 | $836 |
| Washburn | 1,355 | $56,196 | $112,900 | $482 |
| Limestone | 1,579 | $49,938 | $98,400 | $754 |
| Caribou | 7,382 | $53,709 | $134,100 | $757 |
More for people moving to New Sweden
New Sweden ZIP code ›Weather and climate ›Living in New Sweden: FAQ
What is the median household income in New Sweden, ME?
The median household income in New Sweden is $58,333, 22% 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 New Sweden?
The median home value in New Sweden is $164,700, compared with $296,600 in Maine.
How much is rent in New Sweden?
The median gross rent in New Sweden is $658 per month, about 20.6% of household income.
Is New Sweden, ME a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 22% lower than the Maine median; an average commute of 28 minutes; unemployment of 4.9%; a poverty rate of 16%.
What is the median age in New Sweden?
The median age in New Sweden is 50.5 years (Maine: 44.8).
How long is the commute in New Sweden?
The average commute to work in New Sweden is 28 minutes; 3% of workers work from home.
What is the unemployment rate in New Sweden?
The unemployment rate in New Sweden is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Sweden?
29.4% of adults in New Sweden 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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