Saco has a population of 20,446 with a median age of 43.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 20,446 |
| Median Age | 43.2 |
| White | 90.9% |
| Black or African American | 2.1% |
| Asian | 1.2% |
| Hispanic or Latino | 1.7% |
| Other / Two or More Races | 4.1% |
The median household income in Saco is $81,326, which is 8.2% above the national median of $75,149. The per capita income is $45,129. The poverty rate is 8.0%.
The unemployment rate in Saco is 1.1%, compared to the national rate of 5.4%.
In Saco, 95.4% of residents age 25+ have a high school diploma or higher, and 41.0% hold a bachelor's degree or higher (16.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.4% |
| Bachelor's Degree or Higher | 41.0% |
| Graduate or Professional Degree | 16.2% |
The median home value in Saco is $345,200, above the national median of $281,900. The median monthly rent is $1,288. The homeownership rate is 68.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $345,200 |
| Median Monthly Rent | $1,288 |
| Homeownership Rate | 68.5% |
| Vacancy Rate | 8.0% |
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