Hallowell, ME
Population 2,570 · Maine
About Hallowell, ME
Hallowell is a small town located in Maine with a population of 2,570 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,811 per year, which is 22% below the national median of $75,149. The median age of 49.8 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 Hallowell features a median home value of $266,700, which is 9% above the national median of $244,900. This positions Hallowell in a moderately priced market relative to the rest of the country. Median monthly rent is $830, 29% below the national average of $1,163/month. Of the 1,436 total housing units, 57% are owner-occupied (754 units) and 43% are renter-occupied (563 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hallowell shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hallowell have an average one-way commute time of 14.9 minutes, one of the shorter commutes in the region.
Education & Demographics
46.4% of Hallowell 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, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 2.8% of the population being foreign-born.
How Hallowell Ranks in Maine
Cost of Living in Hallowell, ME
Compared to national averages, Hallowell has a median household income of $58,811 (22% below the national median of $75,149). Home values average $266,700, which is 9% above the national median. Monthly rent at $830 is 29% below the US average of $1,163. Within Maine, Hallowell's income is 9% below the state average of $64,613, and home values are 6% above the state median of $251,113.
Why Live in Hallowell, ME?
Hallowell offers rent that’s lower than the national average at $830/month, and a strong job market with an unemployment rate of just 0.5%, and a well-educated community where 46.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 12.0%, better than the national average, and short commute times averaging just 14.9 minutes.
Potential considerations include median household income ($58,811) that falls below the national average. However, Hallowell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hallowell has a population of 2,570 with a median age of 49.8 years. Compare Hallowell with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Hallowell
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Paris | 2,570 | $56,823 | $186,300 | Compare |
| Lincoln | 2,576 | $33,750 | $120,200 | Compare |
| Cape Neddick | 2,578 | $98,113 | $636,100 | 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 |
| Fairfield | 2,432 | $50,718 | $140,200 | Compare |
| Oakland | 2,714 | $44,846 | $142,800 | 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 Hallowell With Other Cities
Frequently Asked Questions about Hallowell
What is the population of Hallowell, ME?
The population of Hallowell, ME is 2,570 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 Hallowell?
The median household income in Hallowell, ME is $58,811 per year, which is 22% below the national median of $75,149.
What is the median home value in Hallowell?
The median home value in Hallowell, ME is $266,700, which is 9% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hallowell?
The median monthly rent in Hallowell, ME is $830, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Hallowell?
The unemployment rate in Hallowell, ME is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hallowell, ME a good place to live?
Hallowell offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 2,570 and a median age of 49.8, the city appeals to established professionals and retirees.
How educated is Hallowell, ME?
46.4% of residents in Hallowell 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 Hallowell?
Key cost-of-living indicators for Hallowell, ME: median home value is $266,700 (9% above national), median rent is $830/month, and median household income is $58,811. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Hallowell?
The poverty rate in Hallowell, ME is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hallowell, ME?
Hallowell's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.