Penobscot & Castine is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Maine. With a population of 2,616 people and just one neighborhood, Penobscot & Castine is the 193rd largest community in Maine.
Real Estate Prices
Penobscot & Castine real estate is some of the most expensive in Maine, although Penobscot & Castine house values don't compare to the most expensive real estate in the U.S.
Occupations and Workforce
Unlike some towns, Penobscot & Castine isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Penobscot & Castine are a mix of both white- and blue-collar jobs. Overall, Penobscot & Castine is a town of professionals, sales and office workers and service providers. There are especially a lot of people living in Penobscot & Castine who work in sales jobs (12.51%), teaching (11.50%) and maintenance occupations (10.40%).
Telecommuters are a relatively large percentage of the workforce: 10.01% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
Penobscot & Castine is a small town with a large college student population. Because of this, there is a real youthful, hip vibe to the place, and much of the life in the town is centered on the college. This has helped Penobscot & Castine to buck the trend of other small towns that have suffered declining populations over the past 20 to 30 years. Spending by students, and faculty and staff jobs, are a big part of the local economy.
Another notable thing is that Penobscot & Castine is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Penobscot & Castine’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
Penobscot & Castine is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.