Saco, ME is a city located on the southern coast of Maine. It offers a variety of attractions, including historical sites, museums, and beautiful beaches. The local economy is bolstered by the presence of several manufacturing companies, as well as service providers such as banks, insurance companies, and healthcare providers. The current median rent for a two bedroom apartment in Saco is $1,580 which is slightly higher than the US average rent of $1,430. In addition to its rental market prices being higher than average, Saco's Grocery Cost Index is 109 versus 100 in the US - indicating that food costs are also slightly higher than the national average.
Saco has an unemployment rate of 5.8%. The US average is 6.0%.
Saco has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Saco
- The Sales Tax Rate for Saco is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Saco 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 Saco
- The average income of a Saco resident is $28,831 a year. The US average is $28,555 a year.
- The Median household income of a Saco resident is $72,700 a year. The US average is $69,021 a year.