Living in Waldo, Maine
Cost of living, income, home prices, rent and demographics of Waldo · Census data 2020–2024
Waldo has 926 residents with a median age of 37.5. The median household income is $71,458 (4% lower than the Maine median), the median home value is $208,000, the median rent is $1,150/month.
Waldo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waldo at a glance
- Population
- 926
- Median age
- 37.5State: 44.8
- Median household income
- $71,458State: $74,733
- Median home value
- $208,000State: $296,600
- Median rent
- $1,150/moState: $1,139
- Homeowners
- 84.6%
- Bachelor's degree or higher
- 36.4%
- Average commute
- 20 min
Is Waldo a good place to live?
Pros: Home values 30% lower than the state median; an average commute of 20 minutes; a poverty rate of 10.4%.
Cons: Median household income 4% lower than the Maine median; unemployment of 4.3%.
The weather is best in June to September.
Cost of living in Waldo
Housing is the biggest part of the cost of living. In Waldo the median home value is $208,000, 37% lower than the U.S. median. Renters pay a median of $1,150 per month, which is 36.7% of household income. Homeowners with a mortgage pay $1,556 a month in housing costs.
Waldo median household income
The median household income in Waldo is $71,458 and the income per person is $27,951. 10.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Waldo: homes for sale and rent
- Housing units
- 410
- Owner-occupied
- 84.6%
- Renter-occupied
- 15.4%
- Vacant
- 8.3%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.46
Waldo demographics
- Population
- 926
- Median age
- 37.5
- Under 18
- 20.2%
- 65 and older
- 12.2%
- Households
- 376
- Foreign-born
- 1.2%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waldo ›
Education in Waldo
36.4% of adults 25 and older in Waldo have a bachelor's degree or higher (Maine: 36.2%), and 11.7% have a graduate or professional degree.
Jobs and commute in Waldo
- Unemployment rate
- 4.3%State: 3.8%
- Average commute
- 20 minState: 25 min
- Work from home
- 15.6%
- Drive alone
- 70.5%
- Public transit
- 3.1%
- Walk to work
- 1.8%
- Homes with broadband
- 93.6%
Waldo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waldo | 926 | $71,458 | $208,000 | $1,150 |
| Belfast | 6,986 | $67,679 | $340,900 | $962 |
| Morrill | 914 | $74,250 | $214,000 | $975 |
| Brooks | 1,208 | $59,130 | $196,700 | $1,116 |
| Swanville | 1,195 | $51,935 | $237,300 | $1,191 |
| Belmont | 876 | $61,250 | $217,500 | $1,045 |
| Knox | 825 | $64,821 | $159,600 | $1,375 |
| Searsmont | 1,646 | $87,000 | $284,000 | $940 |
| Searsport | 2,655 | $64,303 | $224,400 | $1,105 |
More for people moving to Waldo
Waldo ZIP code ›Weather and climate ›Living in Waldo: FAQ
What is the median household income in Waldo, ME?
The median household income in Waldo is $71,458, 4% 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 Waldo?
The median home value in Waldo is $208,000, compared with $296,600 in Maine.
How much is rent in Waldo?
The median gross rent in Waldo is $1,150 per month, about 36.7% of household income.
Is Waldo, ME a good place to live?
Pluses: home values 30% lower than the state median; an average commute of 20 minutes; a poverty rate of 10.4%. Minuses: median household income 4% lower than the Maine median; unemployment of 4.3%.
What is the median age in Waldo?
The median age in Waldo is 37.5 years (Maine: 44.8).
How long is the commute in Waldo?
The average commute to work in Waldo is 20 minutes; 15.6% of workers work from home.
What is the unemployment rate in Waldo?
The unemployment rate in Waldo is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waldo?
36.4% of adults in Waldo 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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