Last updated: 2024 BLS data · Page refreshed:
Hallowell has a population of 2,592 with a median age of 50.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,592 |
| Median Age | 50.3 |
| White | 98.7% |
| Black or African American | 0.2% |
| Asian | 0.2% |
| Hispanic or Latino | 0.4% |
The median household income in Hallowell is $68,398, which is 15.1% below the national median of $80,610. The per capita income is $46,949. The poverty rate is 7.8%.
The unemployment rate in Hallowell is 2.1%, compared to the national rate of 4.1%.
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In Hallowell, 92.8% of residents age 25+ have a high school diploma or higher, and 52.5% hold a bachelor's degree or higher (25.0% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.8% |
| Bachelor's Degree or Higher | 52.5% |
| Graduate or Professional Degree | 25.0% |
The median home value in Hallowell is $295,300, below the national median of $303,400. The median monthly rent is $890. The homeownership rate is 58.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $295,300 |
| Median Monthly Rent | $890 |
| Homeownership Rate | 58.3% |
| Vacancy Rate | 11.4% |
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