Living in Waterboro, Maine
Cost of living, income, home prices, rent and demographics of Waterboro · Census data 2020–2024
Waterboro has 8,055 residents with a median age of 42. The median household income is $89,392 (20% higher than the Maine median), the median home value is $297,000, the median rent is $1,200/month.
Waterboro at a glance
- Population
- 8,055
- Median age
- 42State: 44.8
- Median household income
- $89,392State: $74,733
- Median home value
- $297,000State: $296,600
- Median rent
- $1,200/moState: $1,139
- Homeowners
- 90.1%
- Bachelor's degree or higher
- 24.2%
- Average commute
- 35 min
Is Waterboro a good place to live?
Pros: Median household income 20% higher than the Maine median; unemployment of 2.8%; a poverty rate of 6%.
Cons: Home values about the same as the state median; an average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Waterboro
Housing is the biggest part of the cost of living. In Waterboro the median home value is $297,000, 11% lower than the U.S. median. Renters pay a median of $1,200 per month, which is 30.1% of household income. Homeowners with a mortgage pay $1,630 a month in housing costs.
Waterboro median household income
The median household income in Waterboro is $89,392 and the income per person is $38,475. 6% of residents live below the poverty line (Maine: 10.7%).
Housing in Waterboro: homes for sale and rent
- Housing units
- 3,544
- Owner-occupied
- 90.1%
- Renter-occupied
- 9.9%
- Vacant
- 17.9%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.76
Waterboro demographics
- Population
- 8,055
- Median age
- 42
- Under 18
- 22.5%
- 65 and older
- 14.8%
- Households
- 2,908
- Foreign-born
- 1.9%
- Veterans
- 10.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterboro ›
Education in Waterboro
24.2% of adults 25 and older in Waterboro have a bachelor's degree or higher (Maine: 36.2%), and 4.7% have a graduate or professional degree.
Jobs and commute in Waterboro
- Unemployment rate
- 2.8%State: 3.8%
- Average commute
- 35 minState: 25 min
- Work from home
- 10%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.9%
Waterboro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterboro | 8,055 | $89,392 | $297,000 | $1,200 |
| Lake Arrowhead | 3,322 | $98,654 | $267,300 | $2,288 |
| Hollis | 4,872 | $95,950 | $338,900 | $1,372 |
| Shapleigh | 2,976 | $88,140 | $356,000 | $1,349 |
| Limerick | 3,400 | $101,172 | $269,400 | $1,758 |
| Newfield | 1,580 | $57,188 | $318,100 | — |
| Lyman | 4,612 | $87,284 | $360,400 | $1,063 |
| Dayton | 2,313 | $113,750 | $398,200 | $1,215 |
| Alfred | 3,125 | $82,321 | $342,300 | $1,035 |
More for people moving to Waterboro
Waterboro ZIP code ›Weather and climate ›Living in Waterboro: FAQ
What is the median household income in Waterboro, ME?
The median household income in Waterboro is $89,392, 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 Waterboro?
The median home value in Waterboro is $297,000, compared with $296,600 in Maine.
How much is rent in Waterboro?
The median gross rent in Waterboro is $1,200 per month, about 30.1% of household income.
Is Waterboro, ME a good place to live?
Pluses: median household income 20% higher than the Maine median; unemployment of 2.8%; a poverty rate of 6%. Minuses: home values about the same as the state median; an average commute of 35 minutes.
What is the median age in Waterboro?
The median age in Waterboro is 42 years (Maine: 44.8).
How long is the commute in Waterboro?
The average commute to work in Waterboro is 35 minutes; 10% of workers work from home.
What is the unemployment rate in Waterboro?
The unemployment rate in Waterboro is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterboro?
24.2% of adults in Waterboro 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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