Living in Waltham, Maine
Cost of living, income, home prices, rent and demographics of Waltham · Census data 2020–2024
Waltham has 346 residents with a median age of 56.4. The median household income is $71,071 (5% lower than the Maine median), the median home value is $181,300, the median rent is $850/month.
Waltham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waltham at a glance
- Population
- 346
- Median age
- 56.4State: 44.8
- Median household income
- $71,071State: $74,733
- Median home value
- $181,300State: $296,600
- Median rent
- $850/moState: $1,139
- Homeowners
- 85.2%
- Bachelor's degree or higher
- 22.8%
- Average commute
- 41 min
Is Waltham a good place to live?
Pros: Home values 39% lower than the state median; unemployment of 3.7%.
Cons: Median household income 5% lower than the Maine median; an average commute of 41 minutes; a poverty rate of 19.7%.
The weather is best in June to September.
Cost of living in Waltham
Housing is the biggest part of the cost of living. In Waltham the median home value is $181,300, 46% lower than the U.S. median. Renters pay a median of $850 per month, which is 25% of household income. Homeowners with a mortgage pay $1,217 a month in housing costs.
Waltham median household income
The median household income in Waltham is $71,071 and the income per person is $42,001. 19.7% of residents live below the poverty line (Maine: 10.7%).
Housing in Waltham: homes for sale and rent
- Housing units
- 202
- Owner-occupied
- 85.2%
- Renter-occupied
- 14.8%
- Vacant
- 19.8%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.14
Waltham demographics
- Population
- 346
- Median age
- 56.4
- Under 18
- 15%
- 65 and older
- 32.9%
- Households
- 162
- Foreign-born
- 0%
- Veterans
- 14.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waltham ›
Education in Waltham
22.8% of adults 25 and older in Waltham have a bachelor's degree or higher (Maine: 36.2%), and 6% have a graduate or professional degree.
Jobs and commute in Waltham
- Unemployment rate
- 3.7%State: 3.8%
- Average commute
- 41 minState: 25 min
- Work from home
- 13.4%
- Drive alone
- 62.4%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 81.5%
Waltham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waltham | 346 | $71,071 | $181,300 | $850 |
| Eastbrook | 742 | $69,018 | $300,700 | $823 |
| Franklin | 1,628 | $65,455 | $245,800 | $888 |
| Mariaville | 724 | $66,027 | $215,400 | $1,169 |
| Otis | 705 | $101,250 | $282,500 | $1,563 |
| Hancock | 2,518 | $72,285 | $276,800 | $1,171 |
| Ellsworth | 8,657 | $77,375 | $242,300 | $1,017 |
| Sullivan | 1,246 | $59,643 | $222,000 | $883 |
| Lamoine | 1,782 | $88,542 | $324,800 | $1,174 |
More for people moving to Waltham
Waltham ZIP code ›Weather and climate ›Living in Waltham: FAQ
What is the median household income in Waltham, ME?
The median household income in Waltham is $71,071, 5% 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 Waltham?
The median home value in Waltham is $181,300, compared with $296,600 in Maine.
How much is rent in Waltham?
The median gross rent in Waltham is $850 per month, about 25% of household income.
Is Waltham, ME a good place to live?
Pluses: home values 39% lower than the state median; unemployment of 3.7%. Minuses: median household income 5% lower than the Maine median; an average commute of 41 minutes; a poverty rate of 19.7%.
What is the median age in Waltham?
The median age in Waltham is 56.4 years (Maine: 44.8).
How long is the commute in Waltham?
The average commute to work in Waltham is 41 minutes; 13.4% of workers work from home.
What is the unemployment rate in Waltham?
The unemployment rate in Waltham is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waltham?
22.8% of adults in Waltham 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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