Cape Neddick, ME
Population 2,578 · Maine
About Cape Neddick, ME
Cape Neddick is a small town located in Maine with a population of 2,578 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,113 per year, which is 31% above the national median of $75,149. The median age of 64.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cape Neddick features a median home value of $636,100, which is 160% above the national median of $244,900. This places Cape Neddick in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,723, 48% above the national average of $1,163/month. Of the 3,500 total housing units, 88% are owner-occupied (1,171 units) and 12% are renter-occupied (160 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cape Neddick shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cape Neddick have an average one-way commute time of 16.3 minutes, one of the shorter commutes in the region.
Education & Demographics
52.1% of Cape Neddick residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
How Cape Neddick Ranks in Maine
Cost of Living in Cape Neddick, ME
Compared to national averages, Cape Neddick has a median household income of $98,113 (31% above the national median of $75,149). Home values average $636,100, which is 160% above the national median. Monthly rent at $1,723 is 48% above the US average of $1,163. Within Maine, Cape Neddick's income is 52% above the state average of $64,613, and home values are 153% above the state median of $251,113.
Why Live in Cape Neddick, ME?
Cape Neddick offers a strong local economy with a median household income of $98,113, well above the national average, and a well-educated community where 52.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average. Additionally, the city features short commute times averaging just 16.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $636,100. However, Cape Neddick’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cape Neddick has a population of 2,578 with a median age of 64.2 years. Compare Cape Neddick with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Cape Neddick
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lincoln | 2,576 | $33,750 | $120,200 | Compare |
| Hallowell | 2,570 | $58,811 | $266,700 | Compare |
| South Paris | 2,570 | $56,823 | $186,300 | Compare |
| Madison | 2,552 | $43,095 | $70,800 | Compare |
| Winthrop | 2,666 | $54,612 | $240,700 | Compare |
| Fort Kent | 2,453 | $58,750 | $137,000 | Compare |
| Oakland | 2,714 | $44,846 | $142,800 | Compare |
| Fairfield | 2,432 | $50,718 | $140,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cape Neddick With Other Cities
Frequently Asked Questions about Cape Neddick
What is the population of Cape Neddick, ME?
The population of Cape Neddick, ME is 2,578 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Cape Neddick?
The median household income in Cape Neddick, ME is $98,113 per year, which is 31% above the national median of $75,149.
What is the median home value in Cape Neddick?
The median home value in Cape Neddick, ME is $636,100, which is 160% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cape Neddick?
The median monthly rent in Cape Neddick, ME is $1,723, which is 48% above the national average of $1,163/month.
What is the unemployment rate in Cape Neddick?
The unemployment rate in Cape Neddick, ME is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cape Neddick, ME a good place to live?
Cape Neddick offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,578 and a median age of 64.2, the city appeals to established professionals and retirees.
How educated is Cape Neddick, ME?
52.1% of residents in Cape Neddick aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cape Neddick?
Key cost-of-living indicators for Cape Neddick, ME: median home value is $636,100 (160% above national), median rent is $1,723/month, and median household income is $98,113. The home-value-to-income ratio is 6.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Cape Neddick?
The poverty rate in Cape Neddick, ME is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cape Neddick, ME?
Cape Neddick's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.