New Canada, ME is a small town located in central Maine. With its beautiful views and rural lifestyle, it offers a unique experience to visitors and residents alike. As one of the most affordable places to live in Maine, New Canada is an ideal choice for those looking for an affordable place to settle down. The average two bedroom rent is $830 which is significantly lower than the US national average of $1,430. Grocery costs are also significantly lower when compared to national levels with a grocery cost index of 106 compared to 100 in the US. In addition to its low cost of living, New Canada offers local businesses such as Country Crossroads Nursery & Garden Center and Grange Hall Woodworking that provide goods and services to the community at competitive prices.
New Canada has an unemployment rate of 3.7%. The US average is 6.0%.
New Canada has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for New Canada
- The Sales Tax Rate for New Canada is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Canada 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 New Canada
- The average income of a New Canada resident is $18,878 a year. The US average is $28,555 a year.
- The Median household income of a New Canada resident is $72,500 a year. The US average is $69,021 a year.