Pittsfield, ME Economy


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United States / Maine / No Metro Area / Somerset County / Pittsfield / Zip Codes
Pittsfield, ME is a small rural town located in the heart of Maine. The population is approximately 4,000 people. Pittsfield offers its residents and visitors an affordable cost of living with 2 bedroom rent averaging $920 per month, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Pittsfield is 4 points higher than the US at 104 versus 100.
Local companies in Pittsfield include Cabot Creamery Cooperative, where you can find some of the best cheese products around; Agracel Inc., a real estate development company specializing in industrial parks; and Peltoma Management Services LLC., a consulting firm for health care organizations.
For those looking for activities or places to explore while visiting or living in Pittsfield, there are plenty of options! Highlights include Schoodic Lake State Park with amazing views and trails winding through acres of beautiful forest; Black Bear Recreation Area offering plenty of recreational opportunities including swimming and camping; and Sebasticook Valley Golf Course where visitors can enjoy a challenging round of golf among rolling hillsides and woodlands. Additionally, Pittsfield also offers many amenities such as grocery stores, pharmacies, restaurants, banks and medical facilities.

Pittsfield has an unemployment rate of 6.9%. The US average is 6.0%.

Pittsfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Pittsfield
- The Sales Tax Rate for Pittsfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Pittsfield 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 Pittsfield
- The average income of a Pittsfield resident is $22,738 a year. The US average is $28,555 a year.
- The Median household income of a Pittsfield resident is $50,372 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPittsfield, MaineUnited States
  6.96
  -4.7%-6.2%
  23.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $22,260$37,638
  $50,372$69,021
  $51,443$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  11.9%6.8%
  14.1%10.0%
  0.4%2.5%
  14.3%11.0%
  2.4%4.8%
  0.5%0.8%
  0.5%1.9%
  3.8%4.7%
  0.0%1.9%
  5.3%7.6%
  0.0%0.1%
  3.1%4.2%
  10.3%9.3%
  16.0%14.0%
  0.0%2.1%
  8.8%7.0%
  4.6%4.8%
  3.7%4.7%
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