Lake Arrowhead, ME
Population 3,273 · Maine
About Lake Arrowhead, ME
Lake Arrowhead is a small town located in Maine with a population of 3,273 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,221 per year, which is 12% above the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lake Arrowhead features a median home value of $226,400, which is 8% below the national median of $244,900. This positions Lake Arrowhead in a moderately priced market relative to the rest of the country. Median monthly rent is $2,120, 82% above the national average of $1,163/month. Of the 1,217 total housing units, 95% are owner-occupied (962 units) and 5% are renter-occupied (50 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Arrowhead shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.3%, above the national average of 12.4%. Workers in Lake Arrowhead have an average one-way commute time of 38.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
20.6% of Lake Arrowhead residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
How Lake Arrowhead Ranks in Maine
Cost of Living in Lake Arrowhead, ME
Compared to national averages, Lake Arrowhead has a median household income of $84,221 (12% above the national median of $75,149). Home values average $226,400, which is 8% below the national median. Monthly rent at $2,120 is 82% above the US average of $1,163. Within Maine, Lake Arrowhead's income is 30% above the state average of $64,613, and home values are 10% below the state median of $251,113.
Why Live in Lake Arrowhead, ME?
Lake Arrowhead offers a strong local economy with a median household income of $84,221, well above the national average, and affordable housing with a median home value of $226,400, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.8%.
Lake Arrowhead has a population of 3,273 with a median age of 31 years. Compare Lake Arrowhead with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Lake Arrowhead
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Norway | 3,145 | $41,370 | $121,200 | Compare |
| Bucksport | 3,140 | $58,644 | $193,800 | Compare |
| South Berwick | 3,441 | $77,493 | $340,800 | Compare |
| Lisbon | 3,453 | $72,066 | $217,200 | Compare |
| Calais | 3,087 | $48,654 | $111,800 | Compare |
| Pittsfield | 3,078 | $57,292 | $151,100 | Compare |
| Madawaska | 2,960 | $42,708 | $157,400 | Compare |
| Camden | 3,665 | $80,897 | $473,800 | 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 Lake Arrowhead With Other Cities
Frequently Asked Questions about Lake Arrowhead
What is the population of Lake Arrowhead, ME?
The population of Lake Arrowhead, ME is 3,273 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 Lake Arrowhead?
The median household income in Lake Arrowhead, ME is $84,221 per year, which is 12% above the national median of $75,149.
What is the median home value in Lake Arrowhead?
The median home value in Lake Arrowhead, ME is $226,400, which is 8% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Arrowhead?
The median monthly rent in Lake Arrowhead, ME is $2,120, which is 82% above the national average of $1,163/month.
What is the unemployment rate in Lake Arrowhead?
The unemployment rate in Lake Arrowhead, ME is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Arrowhead, ME a good place to live?
Lake Arrowhead offers above-average incomes, affordable housing, and a strong job market. With a population of 3,273 and a median age of 31, the city appeals to young professionals and families.
How educated is Lake Arrowhead, ME?
20.6% of residents in Lake Arrowhead aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Arrowhead?
Key cost-of-living indicators for Lake Arrowhead, ME: median home value is $226,400 (8% below national), median rent is $2,120/month, and median household income is $84,221. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Arrowhead?
The poverty rate in Lake Arrowhead, ME is 14.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lake Arrowhead, ME?
Lake Arrowhead's population is 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.