Augusta, ME Economy


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Augusta, ME is a great place to live. With the average 2 bedroom rent at $1,130, it is much more affordable than the national average of $1,430. Additionally, groceries in Augusta have an index of 105 versus 100 in the US! Popular local companies include MaineGeneral Medical Center, University of Maine at Augusta, and Kennebec Valley Community College. These three are just some of the many businesses thriving in Augusta.

Augusta has an unemployment rate of 5.0%. The US average is 6.0%.

Augusta has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Augusta
- The Sales Tax Rate for Augusta is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Augusta 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 Augusta
- The average income of a Augusta resident is $23,159 a year. The US average is $28,555 a year.
- The Median household income of a Augusta resident is $40,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAugusta, MaineUnited States
  56
  -3.5%-6.2%
  30.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $29,578$37,638
  $40,438$69,021
  $66,250$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  5.5%6.8%
  3.3%10.0%
  2.7%2.5%
  15.1%11.0%
  3.3%4.8%
  1.0%0.8%
  2.0%1.9%
  3.5%4.7%
  1.4%1.9%
  5.9%7.6%
  0.0%0.1%
  3.6%4.2%
  7.5%9.3%
  15.2%14.0%
  1.6%2.1%
  10.7%7.0%
  5.2%4.8%
  12.0%4.7%
Reviews for Augusta
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We spent 1 year in Augusta. It is probably the cutest Capitol city that I have ever visited in the US. That being said, it has a dark underbelly and a ruthless drug  More

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Over 14 years ago

Winter in Maine usually starts in November, occasionally in October and lasts until March, sometimes April. Although last year was unusually mild, most folks around  More

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I've been living in Augusta for about 9 months now. Moved here from New Orleans. I should be moving out in a few months; I seriously considered staying in Augusta  More

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