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

Is Livermore Falls, Maine a good place to live?
Livermore Falls is a city in Maine state in USA with a population of 1586 residents.. The poverty rate of Livermore Falls is 22.6%, which is 61% higher than national average. The typical household in Livermore Falls earns $33333 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 4 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 72.8% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Livermore Falls are struggling financially. Nearly one in every 1 in every 6 workers in Livermore Falls is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Livermore Falls, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Livermore Falls remained 15.5%, which is 230% higher than national rate. Nearly 3 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 Livermore Falls, only 15% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Livermore Falls is 0, which is 100% lower than national average. Median home value in Livermore Falls is $81600 , which is 64% lower than national average. While median income in Livermore Falls remained $33333, which is 51% lower than national average.
Population
1586
Unemployment
15.5%
230% NAT AVG.
Poverty
22.6%
61% NAT AVG.
Overall Score
3
Median Home Cost
$81600
64% NAT AVG.
Median Income
$33333
51% NAT AVG.
Median Rent
$567
51% NAT AVG.
People Living BPL
1 in 4
Unemployed People
1 in 6
People Earning < $10,000
1 in 4
People Earning < $50,000
72.8%
People with <= High School
1 in 1.9
People With Any Degree
1 in 3.8
Pros & Cons Overview

Jobs30%

Housing30%

Affordability80%

Safety60%

Amenities60%

Diversity40%

Education50%

Commute60%