Biddeford, ME Economy


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Biddeford, ME is a city located in York County with plenty of offerings for all its residents. The cost of living here is slightly lower than the average for the United States, with a 2 bedroom rent coming in at $1,320 compared to the US average of $1,430, and a grocery cost index of 110 compared to 100 in the US. Popular local businesses include Biddeford Savings Bank, Bob's Clam Hut which offers delicious seafood dishes and Lighthouse Entertainment which provides an array of entertainment services. With its affordability and great companies, Biddeford is an attractive place to live.

Biddeford has an unemployment rate of 5.4%. The US average is 6.0%.

Biddeford has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 39.2%, which is higher than the US average of 33.5%.

Tax Rates for Biddeford
- The Sales Tax Rate for Biddeford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Biddeford 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 Biddeford
- The average income of a Biddeford resident is $24,238 a year. The US average is $28,555 a year.
- The Median household income of a Biddeford resident is $58,142 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBiddeford, MaineUnited States
  5.46
  -6.1%-6.2%
  39.2%33.5%
  5.5%6.2%
  6.8%4.6%
  $33,413$37,638
  $58,142$69,021
  $74,932$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.0%6.8%
  9.4%10.0%
  2.4%2.5%
  16.4%11.0%
  6.4%4.8%
  0.1%0.8%
  1.7%1.9%
  7.1%4.7%
  1.2%1.9%
  4.2%7.6%
  0.0%0.1%
  2.1%4.2%
  11.2%9.3%
  15.5%14.0%
  1.3%2.1%
  7.8%7.0%
  3.2%4.8%
  3.9%4.7%
Reviews for Biddeford
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The cost of living in Maine is very high. I moved to Biddeford from Boston so we could afford to buy our first home. We had just had a baby and felt it was important to  More

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Over 16 years ago

I don't live in Biddeford, but I visit frequently and it is a nice little Maine town. It has a little of the strip growth and still maintains the older part of town.  More

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Over 18 years ago

Was big in sheeting and blankets. Very large portionof the people are  More

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