Belfast, ME is a small city nestled in the mid-coast region of Maine. With a population of approximately 6,500 people, this charming city is home to many locally owned businesses and services. Some popular local companies include Shaw’s Supermarket and Searsport Nautical Museum. In addition to these businesses, Belfast also offers various amenities for its residents to enjoy including a contemporary art museum, an 18-hole golf course and numerous parks and trails for outdoor activities. The cost of living in Belfast is also relatively inexpensive with average two bedroom rental prices at $1,140 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Belfast is 108 versus 100 in the US.
Belfast has an unemployment rate of 5.7%. The US average is 6.0%.
Belfast 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Belfast
- The Sales Tax Rate for Belfast is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Belfast 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 Belfast
- The average income of a Belfast resident is $23,197 a year. The US average is $28,555 a year.
- The Median household income of a Belfast resident is $55,900 a year. The US average is $69,021 a year.