Wiscasset is a city in Maine state in USA with a population of 1220 residents.. The poverty rate of Wiscasset is 27.7%, which is 98% higher than national average. The typical household in Wiscasset earns $28828 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 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63.6% 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 Wiscasset, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Wiscasset remained 4.4%, which is 6% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Wiscasset, only 25% of adults have a bachelor's degree and 15% have some college but no degree.

Cost of living in Wiscasset is 0, which is 100% lower than national average. Median home value in Wiscasset is $207500 , which is 10% lower than national average. While median income in Wiscasset remained $28828, which is 57% lower than national average.