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Palermo, Maine

town · Waldo County

At a glance

1,473
Population
$259,700
Median home value (all homes)
14% below U.S. median
$368,608
Typical market value
Zillow, 2026-07
$1,235/mo
Median rent
8% below U.S. median
$89,095
Median household income
13% above U.S. median
30.5 min
Average commute
88.9%
Homes with broadband
2.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 98 — 2% below the national average. how it's computed

Housing3% above
Goods & services1% above
Utilities13% above
Taxes33% below
Insurance37% below
Commute cost12% above
For business: Maine is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college12 mi
Nearest community college15 mi
Nearest technical college16 mi
High school graduates95.7%
College graduates31.7%

Doing business here

Economic development contacts, most local first:

state Loring Development Authority
Associated with the Loring Commerce Centre, a busy commercial, industrial and aviation park in northern Maine that offers assets to support business development.
state Maine Department of Economic & Commercial Dev
The Maine Department of Economic and Community Development (DECD) is the state agency that works with statewide and local partners, private industry and small businesses to enhance economic prosperity in Maine. It helps communities attract jobs and grow infrastructure through programs, tax credits, reimbursements, R&D credits, capital loans, and direct investment.
state Maine Development Foundation
The Maine Development Foundation is a non-partisan statewide driver of sustainable economic growth in Maine. It connects people, decision-makers, and communities through trusted research, leadership development, and creative partnerships to stimulate new ideas, solve problems, and improve lives.
state Maine State Chamber of Commerce
The Maine State Chamber of Commerce is Maine’s largest business association, serving as The Voice of Maine Business and advocating for a positive business climate and a strong state economy through advocacy, access, and awareness.
state Sunrise County Eco Council
Sunrise County Economic Council (SCEC) is a regional economic development organization serving Washington County, Maine; it initiates and facilitates job creation and prosperity by partnering with a consortium of community-minded businesses, not-for-profit organizations, municipalities and citizens.
State sales taxYes
State income taxYes
Right-to-work stateNo

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