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The total population of Lovell town is estimated to be 1,436 with 671 males (46.73%) and 765 females (53.27%). There are 94 more females than males in Lovell town.
The median household income in Lovell town was $68,233 in 2021, which marked an an increase of 4,809(7.58%) from $63,424 in 2020. This income is 91.46% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lovell town sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,311. Overall, the median household income for the town of Lovell town stands at $68,233.
In Lovell town, the median income for all workers aged 15 years and older, regardless of work hours, was $41,717 for males and $34,559 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,054 for males and $43,006 for females.
In Lovell town, population is primarily represented by White households, reporting a median income of $62,732.
In 2022, the population of Lovell town was 1,144, a 1.87% increase year-by-year from 2021. Previously, in 2021, Lovell town's population was 1,123, an increase of 1.45% compared to a population of 1,107 in 2020.
The median age in Lovell, Maine is 52.6, as per 2021 ACS 5-Year Estimates. Of the total population, 8.63% were under the age of 15, 15.75% aged 15 to 29, 55.94% aged 30 to 64, 18.02% aged 65 to 84, and 1.67% were 85 years of age and older.
Racial distribution of Lovell town population: 97.12% are White, 0.98% are Asian, 0.23% are some other race and 1.67% are multiracial.