Living in Newcastle, Maine
Cost of living, income, home prices, rent and demographics of Newcastle · Census data 2020–2024
Newcastle has 1,913 residents with a median age of 49.4. The median household income is $89,868 (20% higher than the Maine median), the median home value is $398,000, the median rent is $1,363/month.
Newcastle at a glance
- Population
- 1,913
- Median age
- 49.4State: 44.8
- Median household income
- $89,868State: $74,733
- Median home value
- $398,000State: $296,600
- Median rent
- $1,363/moState: $1,139
- Homeowners
- 80.6%
- Bachelor's degree or higher
- 45.1%
- Average commute
- 17 min
Is Newcastle a good place to live?
Pros: Median household income 20% higher than the Maine median; an average commute of 17 minutes; unemployment of 0%; a poverty rate of 3.5%.
Cons: Home values 34% higher than the state median.
The weather is best in June to September.
Cost of living in Newcastle
Housing is the biggest part of the cost of living. In Newcastle the median home value is $398,000, 20% higher than the U.S. median. Renters pay a median of $1,363 per month, which is 20.8% of household income. Homeowners with a mortgage pay $1,893 a month in housing costs.
Newcastle median household income
The median household income in Newcastle is $89,868 and the income per person is $49,095. 3.5% of residents live below the poverty line (Maine: 10.7%).
Housing in Newcastle: homes for sale and rent
- Housing units
- 1,000
- Owner-occupied
- 80.6%
- Renter-occupied
- 19.4%
- Vacant
- 19.4%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.32
Newcastle demographics
- Population
- 1,913
- Median age
- 49.4
- Under 18
- 17.8%
- 65 and older
- 24.4%
- Households
- 806
- Foreign-born
- 1.8%
- Veterans
- 11.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Newcastle ›
Education in Newcastle
45.1% of adults 25 and older in Newcastle have a bachelor's degree or higher (Maine: 36.2%), and 22.1% have a graduate or professional degree.
Jobs and commute in Newcastle
- Unemployment rate
- 0%State: 3.8%
- Average commute
- 17 minState: 25 min
- Work from home
- 20.2%
- Drive alone
- 60.1%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 89%
Newcastle vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newcastle | 1,913 | $89,868 | $398,000 | $1,363 |
| Damariscotta | 2,192 | $59,423 | $363,500 | $1,027 |
| Alna | 818 | $93,125 | $367,400 | $1,088 |
| Nobleboro | 1,906 | $100,417 | $352,600 | $1,099 |
| Edgecomb | 1,251 | $108,750 | $348,400 | — |
| Wiscasset | 3,874 | $71,118 | $325,200 | $1,518 |
| Jefferson | 2,647 | $85,078 | $311,600 | $1,120 |
| Dresden | 1,645 | $74,844 | $240,100 | $1,194 |
| Bremen | 917 | $100,000 | $425,300 | — |
More for people moving to Newcastle
Newcastle ZIP code ›Weather and climate ›Living in Newcastle: FAQ
What is the median household income in Newcastle, ME?
The median household income in Newcastle is $89,868, 20% 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 Newcastle?
The median home value in Newcastle is $398,000, compared with $296,600 in Maine.
How much is rent in Newcastle?
The median gross rent in Newcastle is $1,363 per month, about 20.8% of household income.
Is Newcastle, ME a good place to live?
Pluses: median household income 20% higher than the Maine median; an average commute of 17 minutes; unemployment of 0%; a poverty rate of 3.5%. Minuses: home values 34% higher than the state median.
What is the median age in Newcastle?
The median age in Newcastle is 49.4 years (Maine: 44.8).
How long is the commute in Newcastle?
The average commute to work in Newcastle is 17 minutes; 20.2% of workers work from home.
What is the unemployment rate in Newcastle?
The unemployment rate in Newcastle is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newcastle?
45.1% of adults in Newcastle 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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