Living in Waterville, Maine
Cost of living, income, home prices, rent and demographics of Waterville · Census data 2020–2024
Waterville has 17,077 residents with a median age of 35.5. The median household income is $53,580 (28% lower than the Maine median), the median home value is $184,600, the median rent is $978/month.
Waterville at a glance
- Population
- 17,077
- Median age
- 35.5State: 44.8
- Median household income
- $53,580State: $74,733
- Median home value
- $184,600State: $296,600
- Median rent
- $978/moState: $1,139
- Homeowners
- 48.8%
- Bachelor's degree or higher
- 30.8%
- Average commute
- 18 min
Is Waterville a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 28% lower than the Maine median; unemployment of 5.5%; a poverty rate of 20.6%.
The weather is best in June to September.
Cost of living in Waterville
Housing is the biggest part of the cost of living. In Waterville the median home value is $184,600, 45% lower than the U.S. median. Renters pay a median of $978 per month, which is 30.4% of household income. Homeowners with a mortgage pay $1,371 a month in housing costs.
Waterville median household income
The median household income in Waterville is $53,580 and the income per person is $32,905. 20.6% of residents live below the poverty line (Maine: 10.7%).
Housing in Waterville: homes for sale and rent
- Housing units
- 7,312
- Owner-occupied
- 48.8%
- Renter-occupied
- 51.2%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.08
Waterville demographics
- Population
- 17,077
- Median age
- 35.5
- Under 18
- 14.4%
- 65 and older
- 18.3%
- Households
- 6,804
- Foreign-born
- 4%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterville ›
Education in Waterville
30.8% of adults 25 and older in Waterville have a bachelor's degree or higher (Maine: 36.2%), and 14.3% have a graduate or professional degree.
Jobs and commute in Waterville
- Unemployment rate
- 5.5%State: 3.8%
- Average commute
- 18 minState: 25 min
- Work from home
- 16.6%
- Drive alone
- 69.1%
- Public transit
- 0%
- Walk to work
- 5.9%
- Homes with broadband
- 87.5%
Waterville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterville | 17,077 | $53,580 | $184,600 | $978 |
| Oakland | 6,309 | $77,813 | $236,000 | $939 |
| Winslow | 8,023 | $70,917 | $225,300 | $1,041 |
| Fairfield | 6,519 | $64,101 | $164,300 | $1,001 |
| Benton | 2,770 | $61,437 | $176,700 | $1,110 |
| Vassalboro | 4,592 | $72,300 | $244,300 | $1,006 |
| Sidney | 4,790 | $83,488 | $336,200 | $1,340 |
| Belgrade | 3,351 | $88,338 | $312,200 | $857 |
| Smithfield | 856 | $107,917 | $242,800 | $1,109 |
More for people moving to Waterville
Waterville ZIP code ›Weather and climate ›Living in Waterville: FAQ
What is the median household income in Waterville, ME?
The median household income in Waterville is $53,580, 28% 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 Waterville?
The median home value in Waterville is $184,600, compared with $296,600 in Maine.
How much is rent in Waterville?
The median gross rent in Waterville is $978 per month, about 30.4% of household income.
Is Waterville, ME a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 18 minutes. Minuses: median household income 28% lower than the Maine median; unemployment of 5.5%; a poverty rate of 20.6%.
What is the median age in Waterville?
The median age in Waterville is 35.5 years (Maine: 44.8).
How long is the commute in Waterville?
The average commute to work in Waterville is 18 minutes; 16.6% of workers work from home.
What is the unemployment rate in Waterville?
The unemployment rate in Waterville is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterville?
30.8% of adults in Waterville 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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