Pros and Cons of Living In Damariscotta, Maine. Is Damariscotta, ME a Nice Place To Live or Retire?

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Damariscotta, Maine

Moving to Damariscotta In Maine ? Is Damariscotta, ME a Nice Place To Live? Pros and Cons of Living in Damariscotta, Maine. Find out the best and worst about to live, raise a family or retire in Damariscotta.

Damariscotta (/dæmrɪˈskɒtə/ DAM-rih-SKOT-ə) is a town in Lincoln County, Maine, United States. The population was 2,297 at the 2020 census. Damariscotta is the oyster capital of New England. A popular tourist destination, the towns of Damariscotta and Newcastle are linked by the Main Street bridge over the Damariscotta River, forming the "Twin Villages". The name Damariscotta derives from a native place-name meaning place of abundance of small fish (alewives).

DEMOGRAPHICS

Population
1269
Unemployment
7.1%
51% NAT AVG.
Poverty
18.5%
32% NAT AVG.

ECONOMICS

Median Home Cost
$288300
25% NAT AVG.
Median Income
$60000
11% NAT AVG.
Median Rent
$852
27% NAT AVG.
Overall Score
4

CRIME REPORT

Total Crime
42
16% NAT. AVG.
55% STATE AVG.
Violent Crime
3
64% NAT. AVG.
29% STATE AVG.
Property Crime
39
7% NAT. AVG.
57% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 14
People Earning < $10,000
1 in 16
People Earning < $50,000
43.2%
People With Any Degree
1 in 2.1

ETHNICITY

Ethnicity Damariscotta USA
White 91.2% 60.1%
African American 3.1% 12.2%
American Indian 0.3% 0.6%
Asian 1.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.7% 2.8%
Hispanic 2.1% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Damariscotta USA
Less than $10,000 6.4% 5.8%
$10,000 to $14,999 4.1% 4.1%
$15,000 to $24,999 11.8% 8.5%
$25,000 to $34,999 10.2% 8.6%
$35,000 to $49,999 10.7% 12.0%
$50,000 to $74,999 16.6% 17.2%
$75,000 to $99,999 25.7% 12.8%
$100,000 to $149,999 5.2% 15.6%
$150,000 to $199,999 2.5% 7.1%

EDUCATION

Education Damariscotta USA
< 9th Grade 2% 5.0%
9-12th Grade 2% 7.0%
High School or GED 31% 27.0%
Other College 18% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 14% 20.0%
Master's Degree 16% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 6% 1.0%
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. 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.

Cost of living in Damariscotta is 0, which is 100% lower than national average. In Damariscotta, only 40% of adults have a bachelor's degree and 25% have some college but no degree. 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.
Damariscotta Scorecard

Jobs60%

Housing80%

Affordability60%

Safety80%

Amenities30%

Diversity50%

Education90%

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