Is Damariscotta, Maine a Good Place To Live? - Living In Damariscotta, ME

Is Damariscotta, Maine a good place to live?
Damariscotta is a city in Maine state in USA with a population of 1269 residents.. The poverty rate of Damariscotta is 18.5%, which is 32% higher than national average. The typical household in Damariscotta earns $60000 a year, compared to the national median of $67,500. Nearly 43.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Damariscotta, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Damariscotta remained 7.1%, which is 51% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Damariscotta, only 40% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in Damariscotta is 0, which is 100% lower than national average. Median home value in Damariscotta is $288300 , which is 25% higher than national average. While median income in Damariscotta remained $60000, which is 11% lower than national average.
Population
1269
Unemployment
7.1%
51% NAT AVG.
Poverty
18.5%
32% NAT AVG.
Overall Score
4
Median Home Cost
$288300
25% NAT AVG.
Median Income
$60000
11% NAT AVG.
Median Rent
$852
27% NAT AVG.
People Living BPL
1 in 5
Unemployed People
1 in 14
People Earning < $10,000
1 in 16
People Earning < $50,000
43.2%
People with <= High School
1 in 2.9
People With Any Degree
1 in 2.1
Pros & Cons Overview

Jobs60%

Housing80%

Affordability60%

Safety80%

Amenities30%

Diversity50%

Education90%

Commute40%