Waterville, ME Profile: Facts & Data

The City of Waterville had a population of 15,951 as of July 1, 2024. Waterville ranks in the upper 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 Waterville is located at latitude 44.552 and longitude -69.6317 in Kennebec County. The formal boundaries for the City of Waterville encompass a land area of 13.58 sq. miles and a water area of 0.47 sq. miles. Kennebec County is in the Eastern time zone (GMT -5).

The City of Waterville has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Waterville, ME Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	15,951 (100%)
Population in Households	14,125 (88.6%)
Population in Families	8,990 (56.4%)
Population in Group Quarters¹	1,826 (11.4%)
Population Density	1,179
Diversity Index²	31


INCOME
Median Household Income	$47,742
Average Household Income	$72,876
% of Income for Mortgage⁴	24%
Per Capita Income	$31,826
Wealth Index⁵	59
Socioeconomic Status Index⁶	Moderate (48.4)

HOUSING
Total HU (Housing Units)	7,598 (100%)
Owner Occupied HU	3,318 (43.7%)
Renter Occupied HU	3,588 (47.2%)
Vacant Housing Units	692 ( 9.1%)
Median Home Value	$181,958
Average Home Value	$213,864
Housing Affordability Index³	99

HOUSEHOLDS
Total Households	6,906
Average Household Size	2.05
Family Households	3,310
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Waterville, ME - Peer Comparisons by Rank and Percentile

The table below compares Waterville to the other 155 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.18%	0.10%
Households	0.55%	0.40%
Families		0.37%
Median Household Income		2.23%
Per Capita Income		3.13%
Owner Occupied HU		1.30%

Variable Description	Rank	Percentile
Total Population	# 12	93rd
Population Density	# 14	92nd
Median Household Income	# 128	18th
Housing Affordability Index	# 83	54th
Per Capita Income	# 124	21st
Diversity Index	# 13	92nd

Waterville, ME Profile: Facts & Data

Waterville, Maine - Basic Facts

Waterville, ME Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waterville, ME - Peer Comparisons by Rank and Percentile

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