Newcastle, ME Profile: Facts & Data

The Newcastle CDP⁽¹⁾ had a population of 715 as of July 1, 2024. 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 Newcastle Census Designated Place 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.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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

POPULATION
Total Population	715 (100%)
Population in Households	704 (98.5%)
Population in Families	528 (73.8%)
Population in Group Quarters¹	11 ( 1.5%)
Population Density	330
Diversity Index²	16


INCOME
Median Household Income	$105,801
Average Household Income	$131,566
% of Income for Mortgage⁴	26%
Per Capita Income	$68,101
Wealth Index⁵	160
Socioeconomic Status Index⁶	Moderate (61.7)

HOUSING
Total HU (Housing Units)	410 (100%)
Owner Occupied HU	303 (73.9%)
Renter Occupied HU	67 (16.3%)
Vacant Housing Units	40 ( 9.8%)
Median Home Value	$440,079
Average Home Value	$445,462
Housing Affordability Index³	94

HOUSEHOLDS
Total Households	370
Average Household Size	1.90
Family Households	233
Average Family Size	2.00

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.

Newcastle, ME - Peer Comparisons by Rank and Percentile

The table below compares Newcastle 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	1.90%	1.31%
Households	2.29%	1.62%
Families		2.37%
Median Household Income		0.92%
Per Capita Income		2.20%
Owner Occupied HU		2.15%

Variable Description	Rank	Percentile
Total Population	# 125	20th
Population Density	# 106	32nd
Median Household Income	# 14	92nd
Housing Affordability Index	# 73	47th
Per Capita Income	# 10	94th
Diversity Index	# 118	25th

Newcastle, ME Profile: Facts & Data

Newcastle, Maine - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Newcastle, ME - Peer Comparisons by Rank and Percentile

Newcastle, ME - Most Popular Things to Do

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