Richest Cities In Maine For 2020


We analyzed 21 places in Maine to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Maine.

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Saco, Brewer, Hallowell: These cities aren't just some of the best places to live in Maine. They are also home to some of the richest people in the Pine Tree State.

Saco in particular houses the richest residents in the state thanks, in part, to a median household income of $68,271 and a ridiculously low poverty rate of 8.893824027072757%.

If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Maine share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 21 places in Maine with more than 2,000 people.

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Maine.

Rich people not your cup of tea? Feel free to check out some more reading about Maine:

The 10 Richest Cities In Maine For 2020

Saco, ME

Overall SnackAbility

8.5
/10

Population: 19,342
Rank Last Year: 1 (No Change)
Median Income: $68,271
Unemployment Rate: 3.0%
Poverty Rate: 8.9%
More on Saco: Real Estate | Data | Photos

Saco is a city in York County, Maine, United States. The population was 18,482 at the 2010 census. It is home to Ferry Beach State Park, Funtown Splashtown USA, Thornton Academy, as well as General Dynamics Armament Systems, a subsidiary of the defense contractor General Dynamics. Saco sees much tourism during summer months, due to its amusement parks, Ferry Beach State Park, and proximity to Old Orchard Beach.

Brewer, ME

Overall SnackAbility

8
/10

Population: 9,123
Rank Last Year: 2 (No Change)
Median Income: $58,403
Unemployment Rate: 2.6%
Poverty Rate: 8.8%
More on Brewer: Real Estate | Data | Photos

Hallowell, ME

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,506
Rank Last Year: 3 (No Change)
Median Income: $59,548
Unemployment Rate: 4.7%
Poverty Rate: 6.1%
More on Hallowell: Real Estate | Data | Photos

Review Of Hallowell by HomeSnacks User

Hallowell is indeed a great place to live!

Most of the residents of Hallowell work in Augusta, as state workers/administrators, or in some role connected to the State.

I know of some who work in Portland resulting in a 50 mile or so commute - but I'd that would be more than balanced by those who work in Augusta! Personally, my commute is 1.5 miles!

Bath, ME

Overall SnackAbility

8
/10

Population: 8,320
Rank Last Year: 11 (Up 7)
Median Income: $50,160
Unemployment Rate: 1.1%
Poverty Rate: 14.6%
More on Bath: Real Estate | Data | Photos

Bath is a city in Sagadahoc County, Maine, in the United States. The population was 8,514 at the 2010 census, and 8,357 as of 2013, the population has had a change of -10.2% since 2000. It is the county seat of Sagadahoc County, which includes one city and 10 towns. The city is popular with tourists, many drawn by its 19th-century architecture. It is home to the Bath Iron Works and Heritage Days Festival, held annually on the Fourth of July weekend. It is commonly known as "The City of Ships." Bath is part of the metropolitan statistical area of Greater Portland.

South Portland, ME

Overall SnackAbility

8.5
/10

Population: 25,515
Rank Last Year: 6 (Up 1)
Median Income: $66,030
Unemployment Rate: 5.2%
Poverty Rate: 9.6%
More on South Portland: Real Estate | Data | Photos

South Portland is a city in Cumberland County, Maine, United States, and is the fourth-largest city in the state, incorporated in 1898. As of the 2010 census, the city population was 25,002. Known for its working waterfront, South Portland is situated on Portland Harbor and overlooks the skyline of Portland and the islands of Casco Bay. Due to South Portland's close proximity to air, marine, rail, and highway transportation options, the city has become a center for retail and industry in the region.

Review Of South Portland by HomeSnacks User

I have lived here for over 20 years, the town is still great but the character has changed tremendously-very precious and pricey now. I couldn't afford my own neighborhood if I were buying now. Planning to move out in a few years because of it.

We like the lighthouses and beaches. About a dozen unnecessary coffee shops have opened up, which to me only highlights the tedious hipsterism that permeates the town now.

Portland, ME

Overall SnackAbility

7.5
/10

Population: 66,735
Rank Last Year: 7 (Up 1)
Median Income: $56,977
Unemployment Rate: 3.0%
Poverty Rate: 15.9%
More on Portland: Real Estate | Data | Photos

Portland is the most populous city in the U.S. state of Maine, with a population of 66,937 as of 2016. This makes it the fourth least populous city in the U.S. to be the most populous in its state. The Greater Portland metropolitan area is home to over half a million people, more than one-third of Maine's total population. The Old Port district is frequented by tourists, while Portland Head Light is also a destination. The city seal depicts a phoenix rising from ashes, which is a reference to the recoveries from four devastating fires. Portland was named after the English Isle of Portland, and the city of Portland, Oregon, was in turn named after Portland, Maine.

Review Of Portland by HomeSnacks User

I feel very safe in the town. It has a very small town feel to it. It has excellent restaurants and some of the best Lobster Rolls anywhere in the country. I love the cobblestone streets and the old town look.

The downtown is full of bars and restaurants. Fresh seafood all around the city.

Ellsworth, ME

Overall SnackAbility

8
/10

Population: 7,960
Rank Last Year: 5 (Down 2)
Median Income: $55,191
Unemployment Rate: 3.9%
Poverty Rate: 9.9%
More on Ellsworth: Real Estate | Data | Photos

Ellsworth is a city in and the county seat of Hancock County, Maine, United States. The 2010 Census determined it had a population of 7,741. Ellsworth was Maine's fastest growing city from 2000-2010, with a growth rate of nearly 20 percent. With historic buildings and other points of interest, Ellsworth is popular with tourists.

Auburn, ME

Overall SnackAbility

6
/10

Population: 23,064
Rank Last Year: 4 (Down 4)
Median Income: $48,924
Unemployment Rate: 3.6%
Poverty Rate: 13.1%
More on Auburn: Real Estate | Data | Photos

Auburn is a city in and the county seat of Androscoggin County, Maine, United States. The population was 23,055 at the 2010 census. Auburn and Lewiston are known locally as the Twin Cities or Lewiston-Auburn.

Belfast, ME

Overall SnackAbility

8
/10

Population: 6,696
Rank Last Year: 10 (Up 1)
Median Income: $60,993
Unemployment Rate: 7.1%
Poverty Rate: 14.8%
More on Belfast: Real Estate | Data | Photos

Belfast is a city in Waldo County, Maine, in the United States. As of the 2010 census, the city population was 6,668. Located at the mouth of the Passagassawakeag River estuary on Penobscot Bay, Belfast is the county seat of Waldo County. The seaport has a wealth of antique architecture in several historic districts, and remains popular with tourists.

Westbrook, ME

Overall SnackAbility

8
/10

Population: 18,417
Rank Last Year: 8 (Down 2)
Median Income: $55,563
Unemployment Rate: 6.6%
Poverty Rate: 15.3%
More on Westbrook: Real Estate | Data | Photos

Westbrook is a city in Cumberland County, Maine, United States and a suburb of Portland. The population was 17,494 at the 2010 census. It is part of the Portland-South Portland-Biddeford, Maine metropolitan statistical area.

How We Determined The Richest Places In Maine For 2020

Map Of The Richest Places To Live In Maine
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 21 places with more than 2,000 people in Maine, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Saco, crowned the "Richest City In Maine For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 21 places.

There You Have It - The Wealthiest Places In Maine For 2020

Like we said earlier, when we set out to identify the richest places in Maine, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Maine.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Maine, according to data:

Poorest: Bangor
2nd Poorest: Augusta
3rd Poorest: Presque Isle

For more Maine reading, check out:

Detailed List Of The Richest Cities In Maine

Rank City RichScore Median Income
1 Saco 2.33 $68,271
2 Brewer 3.0 $58,403
3 Hallowell 5.0 $59,548
4 Bath 6.0 $50,160
5 South Portland 6.67 $66,030
6 Portland 6.67 $56,977
7 Ellsworth 6.67 $55,191
8 Auburn 7.67 $48,924
9 Belfast 10.67 $60,993
10 Westbrook 11.33 $55,563
11 Old Town 12.0 $42,342
12 Biddeford 12.0 $50,327
13 Caribou 12.33 $38,168
14 Gardiner 15.33 $48,212
15 Lewiston 15.67 $41,371
16 Rockland 15.67 $41,308
17 Waterville 16.0 $38,745
18 Calais 16.0 $31,078
19 Presque Isle 16.0 $37,401
20 Augusta 16.0 $40,340
21 Bangor 18.0 $42,115

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

4 thoughts on “Richest Cities In Maine, 2020

  1. completely wrong. Cape Elizabeth, Cumberland Foreside, Falmouth are the top 3…………..BY FAR. NONE of these Top 10 would make the Top 10. You also got Yarmouth, Kennebunkport, Biddeford Pool. etc etc Horrible research

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