Hancock, ME is a town located in Washington County with a population of 1,594 according to the last census. The two bedroom rents in Hancock are much lower than the national average, making it an attractive destination for people looking for affordable housing. Furthermore, the grocery cost index in Hancock is higher than the US average, meaning that groceries may be slightly more expensive. Local businesses include the Sunrise Variety Store which sells a range of items from food and beverages to shoes and apparel; Country Charm Creations which specializes in handmade jewelry; and In-N-Out Auto Parts which offers a variety of automotive services.
Hancock has an unemployment rate of 7.6%. The US average is 6.0%.
Hancock has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Hancock
- The Sales Tax Rate for Hancock is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hancock is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hancock
- The average income of a Hancock resident is $27,267 a year. The US average is $28,555 a year.
- The Median household income of a Hancock resident is $62,540 a year. The US average is $69,021 a year.