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Newcastle, ME Profile: Facts & Data

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Newcastle, Maine - Basic Facts

The Newcastle Census Designated Place had a population of 686 as of July 1, 2020. Newcastle ranks in the lower quartile for 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 Newcastle is located at latitude 44.0351 and longitude -69.5367 in Lincoln County. The formal boundaries for the Newcastle Census Designated Place encompass a land area of 2.17 sq. miles and a water area of 0.63 sq. miles. Lincoln County is in the Eastern time zone (GMT -5). The elevation is 30 feet.

The Newcastle Census Designated Place (GNIS ID: 2583564) 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 Newcastle Census Designated Place is located within Town of Newcastle, a minor civil division (MCD) of Lincoln County.

Alternate Unofficial Names for Newcastle: New Castle.

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

POPULATION

Total Population 686 (100%)
Population in Households 681 (99.3%)
Population in Families 524 (76.4%)
Population in Group Quarters1 5 ( 0.7%)
Population Density 317
Diversity Index2 8
 
 

INCOME

Median Household Income $65,322
Average Household Income $93,126
% of Income for Mortgage4 18%
Per Capita Income $43,057
Wealth Index5 124
 

HOUSING

Total HU (Housing Units) 420 (100%)
Owner Occupied HU 242 (57.6%)
Renter Occupied HU 101 (24.0%)
Vacant Housing Units 77 (18.3%)
Median Home Value $281,618
Average Home Value $315,353
Housing Affordability Index3 138
 

HOUSEHOLDS

Total Households 343
Average Household Size 1.99
Family Households 215
Average Family Size 2
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 0.27% 0.23%
Households 0.5% 0.4%
Families 1.92% 0.19%
Median Household Income   1.0%
Per Capita Income   2.08%
Owner Occupied HU   1.05%

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Newcastle, ME - Peer Comparisons by Rank and Percentile

The table below compares Newcastle 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 # 115 12th
Population Density # 93 29th
Median Household Income # 31 77th
Housing Affordability Index # 48 37th
Per Capita Income # 14 90th
Diversity Index # 116 12th

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

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