Counties › Maine

Cost of Living in Waldo County, ME

Population 40,192 · Census ACS 2020–2024 5-year estimates

Median rent$1,021
Median home value$257,700
Median household income$72,782

The median rent in Waldo County, ME is $1,021/month, 10% lower than the Maine median and 28% lower than the U.S. median. The median home value is $257,700, 23% lower than the national median. Households earn a median of $72,782 a year, 3% lower than the state median.

Affordability

Rent as a share of median income: 16.8%
Income needed for median rent (30% rule): $40,840/yr
Home price-to-income ratio: 3.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,303/mo

Run your own numbers: mortgage calculator · hourly to salary

Waldo County vs. Maine vs. U.S.

Waldo CountyMaineU.S.
Median rent$1,021$1,139$1,413
Median home value$257,700$296,600$332,700
Median household income$72,782$74,733$80,734
Homeownership rate81.9%74.3%65.2%
Bachelor's degree or higher34.4%36.2%35.7%
Poverty rate12.0%10.7%12.5%
Unemployment rate3.7%3.8%5.2%
Work from home15.6%15.9%15.1%
Median age47.444.838.9

FAQ

What is the average rent in Waldo County, ME?

The median gross rent in Waldo County, ME is $1,021 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Waldo County, ME?

Using the common 30% rule, renting a median-priced home takes about $40,840 a year in gross income.

Is Waldo County, ME expensive to live in?

Rent there is 28% lower than the U.S. median, and the median home costs about 3.5 times the median household income.

Other counties in Maine

Cumberland County, MERent $1,589 · Income $95,677York County, MERent $1,339 · Income $88,333Penobscot County, MERent $1,041 · Income $66,356Kennebec County, MERent $992 · Income $69,077Androscoggin County, MERent $1,010 · Income $67,873Aroostook County, MERent $784 · Income $56,700

Counties with a similar cost of living

Lonoke County, ARRent $1,025 · Income $72,828Nez Perce County, IDRent $1,015 · Income $72,599Morgan County, CORent $1,025 · Income $73,278Natrona County, WYRent $1,016 · Income $72,156Pottawattamie County, IARent $1,018 · Income $73,602Pickaway County, OHRent $1,020 · Income $74,040

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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