The island and community has undergone numerous name changes. It was originally Penobscot Island, part of the Waldo Patent. When Henry Knox bequeathed it to his orphaned grandchildren, it became known as Orphan Island. In 1839 it became the plantation of Wetmore Isle. The name was changed to Verona upon its incorporation as a town on February 18, 1861. The town lengthened its name to Verona Island, matching the name of the landform on which it was located, in a March 27, 2004referendum. The island was once a shipbuilding village. In 1905 the last vessel was built. This was the Roosevelt, which carried Robert Peary from New York to the Arctic in 1908 for his final expedition to the North Pole. The Waldo–Hancock Bridge, which opened November 16, 1931 to connect Verona Island and Prospect in Waldo County, is on the National Register of Historic Places but was in such bad condition that it was replaced. Demolition of the bridge began on November 20, 2012. The new bridge, opened on December 30, 2006, is called the Penobscot Narrows Bridge and Observatory. The legislature's Transportation Committee originally decided it would be named the Downeast Gateway Bridge, but strong opposition by community leaders from eastern Waldo County forced this decision to be reconsidered. The new name was unanimously approved on March 9, 2006 by the legislature's Transportation Committee.
As of the census of 2010, there were 544 people, 238 households, and 164 families living in the town. The population density was. There were 292 housing units at an average density of. The racial makeup of the town was 97.4% White, 0.2% Native American, and 2.4% from two or more races. Hispanic or Latino of any race were 0.4% of the population. There were 238 households of which 26.1% had children under the age of 18 living with them, 55.5% were married couplesliving together, 8.8% had a female householder with no husband present, 4.6% had a male householder with no wife present, and 31.1% were non-families. 25.6% of all households were made up of individuals and 8.4% had someone living alone who was 65 years of age or older. The average household size was 2.29 and the average family size was 2.66. The median age in the town was 47.3 years. 17.5% of residents were under the age of 18; 7% were between the ages of 18 and 24; 21.4% were from 25 to 44; 36.8% were from 45 to 64; and 17.5% were 65 years of age or older. The gender makeup of the town was 49.6% male and 50.4% female.
2000 census
As of the census of 2000, there were 533 people, 223 households, and 161 families living in the town. The population density was 85.6 people per square mile. There were 262 housing units at an average density of 42.1 per square mile. The racial makeup of the town was 98.69% White, 0.19% from other races, and 1.13% from two or more races. Hispanic or Latino of any race were 0.19% of the population. There were 223 households out of which 24.7% had children under the age of 18 living with them, 62.8% were married couples living together, 6.7% had a female householder with no husband present, and 27.4% were non-families. 21.5% of all households were made up of individuals and 11.2% had someone living alone who was 65 years of age or older. The average household size was 2.39 and the average family size was 2.78. In the town, the population was spread out with 19.5% under the age of 18, 6.8% from 18 to 24, 25.1% from 25 to 44, 30.6% from 45 to 64, and 18.0% who were 65 years of age or older. The median age was 44 years. For every 100 females, there were 94.5 males. For every 100 females age 18 and over, there were 88.2 males. The median income for a household in the town was $41,827, and the median income for a family was $47,778. Males had a median income of $35,125 versus $31,563 for females. The per capita income for the town was $20,714. About 5.7% of families and 6.5% of the population were below the poverty line, including 2.1% of those under age 18 and 10.6% of those age 65 or over.
