Newcastle, ME
Population 621 · Maine
About Newcastle, ME
Newcastle is a small community in Maine with a population of 621 residents. The median household income is $76,389 per year, which is above the national average. The median age in Newcastle is 55 years.
Housing in Newcastle has a median home value of $417,700 and median monthly rent of $1,042. Of the 331 total housing units, the majority are owner-occupied, with 223 owner-occupied and 75 renter-occupied units.
The unemployment rate in Newcastle is 1.2% and the poverty rate is 2.9%. 37.0% of residents hold a bachelor's degree or higher. The average commute time is 9.9 minutes.
How Newcastle Ranks in Maine
Cost of Living in Newcastle, ME
Compared to national averages, Newcastle has a median household income of $76,389 (2% above the national median of $75,149). Home values average $417,700, which is 71% above the national median. Monthly rent at $1,042 is 10% below the US average of $1,163. Within Maine, Newcastle's income is 18% above the state average of $64,613, and home values are 66% above the state median of $251,113.
Why Live in Newcastle, ME?
Newcastle offers a strong local economy with a median household income of $76,389, well above the national average, and rent that’s lower than the national average at $1,042/month, and a strong job market with an unemployment rate of just 1.2%. Additionally, the city features a well-educated community where 37.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.9%, better than the national average, and short commute times averaging just 9.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $417,700. However, Newcastle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newcastle has a population of 621 with a median age of 55 years. Compare Newcastle with other cities to see how it stacks up, or explore all cities in Maine.
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Cities in Maine with a similar population size.
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Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Newcastle
What is the population of Newcastle, ME?
The population of Newcastle, ME is 621 according to the latest Census data.
What is the median household income in Newcastle?
The median household income in Newcastle, ME is $76,389 per year.
What is the median home value in Newcastle?
The median home value in Newcastle, ME is $417,700.
What is the average rent in Newcastle?
The median monthly rent in Newcastle, ME is $1,042.
What is the unemployment rate in Newcastle?
The unemployment rate in Newcastle, ME is 1.2%.