Waldoboro, ME
Population 1,487 · Maine
About Waldoboro, ME
Waldoboro is a small town located in Maine with a population of 1,487 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,290 per year, which is 12% below the national median of $75,149. The median age of 53.6 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 Waldoboro features a median home value of $277,200, which is 13% above the national median of $244,900. This positions Waldoboro in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 920 total housing units, 56% are owner-occupied (497 units) and 44% are renter-occupied (383 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Waldoboro shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waldoboro have an average one-way commute time of 27.1 minutes.
Education & Demographics
23.2% of Waldoboro 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Waldoboro, ME
Compared to national averages, Waldoboro has a median household income of $66,290 (12% below the national median of $75,149). Home values average $277,200, which is 13% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maine, Waldoboro's income is 3% above the state average of $64,613, and home values are 10% above the state median of $251,113.
Why Live in Waldoboro, ME?
Waldoboro offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 5.5%, better than the national average.
Potential considerations include median household income ($66,290) that falls below the national average. However, Waldoboro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waldoboro has a population of 1,487 with a median age of 53.6 years. Compare Waldoboro with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Waldoboro
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Randolph | 1,479 | $52,917 | $157,000 | Compare |
| Newport | 1,469 | $42,740 | $162,800 | Compare |
| Kennebunkport | 1,450 | $118,922 | $805,200 | Compare |
| Falmouth | 1,447 | $89,625 | $737,300 | Compare |
| Milo | 1,445 | $52,660 | $88,000 | Compare |
| Freeport | 1,544 | $48,352 | $344,100 | Compare |
| East Millinocket | 1,545 | $44,306 | $73,900 | Compare |
| Machias | 1,395 | $28,047 | $117,800 | 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 Waldoboro With Other Cities
Frequently Asked Questions about Waldoboro
What is the population of Waldoboro, ME?
The population of Waldoboro, ME is 1,487 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 Waldoboro?
The median household income in Waldoboro, ME is $66,290 per year, which is 12% below the national median of $75,149.
What is the median home value in Waldoboro?
The median home value in Waldoboro, ME is $277,200, which is 13% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waldoboro?
The median monthly rent in Waldoboro, ME is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waldoboro?
The unemployment rate in Waldoboro, ME is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Waldoboro, ME a good place to live?
Waldoboro offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,487 and a median age of 53.6, the city appeals to established professionals and retirees.
How educated is Waldoboro, ME?
23.2% of residents in Waldoboro 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 Waldoboro?
Key cost-of-living indicators for Waldoboro, ME: median home value is $277,200 (13% above national), median rent is $0/month, and median household income is $66,290. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Waldoboro?
The poverty rate in Waldoboro, ME is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waldoboro, ME?
Waldoboro'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. 3.3% of residents are foreign-born.