The 10 Richest Cities In Maine For 2021


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

Editor’s Note: Data has been updated for 2021. This is our seventh time ranking the richest cities in Maine.

Saco, Ellsworth, South Portland: 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 $70,517 and a ridiculously low poverty rate of 7.288935500786575%.

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 2015-2019 American Community Survey for the 21 places in Maine with more than 2,000 people.

Here are the 10 richest places in Maine for 2021:

  1. Saco
  2. Ellsworth
  3. South Portland
  4. Auburn
  5. Portland
  6. Bath
  7. Biddeford
  8. Brewer
  9. Hallowell
  10. Belfast

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 2021

1. Saco

Saco, ME

Overall SnackAbility

8.5
/10

Population: 19,497
Rank Last Year: 1 (No Change)
Median Income: $70,517
Unemployment Rate: 2.3%
Poverty Rate: 7.3%
More on Saco: Real Estate | Photos

2. Ellsworth

Ellsworth, ME

Overall SnackAbility

8
/10

Population: 7,991
Rank Last Year: 7 (Up 5)
Median Income: $53,324
Unemployment Rate: 3.5%
Poverty Rate: 9.8%
More on Ellsworth: Real Estate | Photos

3. South Portland

South Portland, ME

Overall SnackAbility

8.5
/10

Population: 25,548
Rank Last Year: 5 (Up 2)
Median Income: $69,290
Unemployment Rate: 4.8%
Poverty Rate: 8.8%
More on South Portland: Real Estate | Photos

4. Auburn

Auburn, ME

Overall SnackAbility

6
/10

Population: 23,187
Rank Last Year: 8 (Up 4)
Median Income: $49,719
Unemployment Rate: 3.2%
Poverty Rate: 11.3%
More on Auburn: Real Estate | Photos

5. Portland

Portland, ME

Overall SnackAbility

7.5
/10

Population: 66,595
Rank Last Year: 6 (Up 1)
Median Income: $60,467
Unemployment Rate: 2.8%
Poverty Rate: 14.6%
More on Portland: Real Estate | Photos

6. Bath

Bath, ME

Overall SnackAbility

8
/10

Population: 8,319
Rank Last Year: 4 (Down 2)
Median Income: $48,252
Unemployment Rate: 1.9%
Poverty Rate: 13.8%
More on Bath: Real Estate | Photos

7. Biddeford

Biddeford, ME

Overall SnackAbility

6
/10

Population: 21,462
Rank Last Year: 12 (Up 5)
Median Income: $53,120
Unemployment Rate: 4.4%
Poverty Rate: 11.7%
More on Biddeford: Real Estate | Photos

8. Brewer

Brewer, ME

Overall SnackAbility

8
/10

Population: 9,090
Rank Last Year: 2 (Down 6)
Median Income: $52,174
Unemployment Rate: 4.2%
Poverty Rate: 12.5%
More on Brewer: Real Estate | Photos

9. Hallowell

Hallowell, ME

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,445
Rank Last Year: 3 (Down 6)
Median Income: $57,635
Unemployment Rate: 5.2%
Poverty Rate: 14.5%
More on Hallowell: Real Estate | Photos

10. Belfast

Belfast, ME

Overall SnackAbility

8
/10

Population: 6,688
Rank Last Year: 9 (Down 1)
Median Income: $62,857
Unemployment Rate: 7.9%
Poverty Rate: 13.5%
More on Belfast: Real Estate | Photos

How We Determined The Richest Places In Maine For 2021

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 2015-2019 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 2021". 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 2021

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: Calais
2nd Poorest: Augusta
3rd Poorest: Waterville

For more Maine reading, check out:

Detailed List Of The Richest Cities In Maine

Rank City RichScore Median Income
1 Saco 1.33 $70,517
2 Ellsworth 5.33 $53,324
3 South Portland 5.67 $69,290
4 Auburn 6.0 $49,719
5 Portland 6.0 $60,467
6 Bath 7.33 $48,252
7 Biddeford 8.0 $53,120
8 Brewer 8.33 $52,174
9 Hallowell 10.0 $57,635
10 Belfast 10.33 $62,857
11 Presque Isle 12.0 $39,366
12 Westbrook 12.33 $59,460
13 Caribou 13.33 $42,671
14 Rockland 13.33 $44,156
15 Lewiston 14.33 $44,523
16 Old Town 15.0 $42,679
17 Gardiner 15.0 $49,627
18 Bangor 15.67 $46,625
19 Waterville 16.33 $38,862
20 Augusta 16.67 $43,796
21 Calais 18.67 $32,601

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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 “The 10 Richest Cities In Maine For 2021

  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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