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Eagle Lake, ME Profile: Facts & Data

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Eagle Lake, Maine - Basic Facts

The Eagle Lake Census Designated Place had a population of 650 as of July 1, 2020. Eagle Lake ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Maine. See peer rankings below.

The primary coordinate point for Eagle Lake is located at latitude 47.04 and longitude -68.5895 in Aroostook County. The formal boundaries for the Eagle Lake Census Designated Place encompass a land area of 3.95 sq. miles and a water area of 0.31 sq. miles. Aroostook County is in the Eastern time zone (GMT -5). The elevation is 620 feet.

The Eagle Lake Census Designated Place (GNIS ID: 2583556) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Eagle Lake Census Designated Place is located within Town of Eagle Lake, a minor civil division (MCD) of Aroostook County.


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Eagle Lake, ME Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 650 (100%)
Population in Households 605 (93.1%)
Population in Families 448 (68.9%)
Population in Group Quarters1 45 ( 6.9%)
Population Density 164
Diversity Index2 8
 
 

INCOME

Median Household Income $36,575
Average Household Income $56,573
% of Income for Mortgage4 16%
Per Capita Income $26,157
Wealth Index5 54
 

HOUSING

Total HU (Housing Units) 390 (100%)
Owner Occupied HU 206 (52.8%)
Renter Occupied HU 74 (19.0%)
Vacant Housing Units 110 (28.2%)
Median Home Value $139,286
Average Home Value $166,184
Housing Affordability Index3 152
 

HOUSEHOLDS

Total Households 280
Average Household Size 2.16
Family Households 158
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.38% -0.12%
Households 0.73% 0.07%
Families 0.77% -0.13%
Median Household Income   1.37%
Per Capita Income   2.66%
Owner Occupied HU   0.1%

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Eagle Lake, ME - Peer Comparisons by Rank and Percentile

The table below compares Eagle Lake to the other 130 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 119 9th
Population Density # 119 9th
Median Household Income # 114 13th
Housing Affordability Index # 64 49th
Per Capita Income # 82 38th
Diversity Index # 119 11th

Additional comparisons and rankings can be made with a VERY EASY TO USE Maine Census Data Comparison Tool.

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