Waldoboro is a city in Maine state in USA with a population of 1295 residents.. The poverty rate of Waldoboro is 38.8%, which is 177% higher than national average. The typical household in Waldoboro earns $16932 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 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 75.7% 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 Waldoboro, only 89% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Waldoboro remained 0%, which is 100% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Waldoboro, only 20% of adults have a bachelor's degree and 18% have some college but no degree.

Cost of living in Waldoboro is 0, which is 100% lower than national average. Median home value in Waldoboro is $180300 , which is 22% lower than national average. While median income in Waldoboro remained $16932, which is 75% lower than national average.