Boothbay, ME is a small coastal town located on the eastern shore of Maine. It has a population of about 3,300 and is known for its quaint fishing village feel. The cost of rent for a two bedroom apartment in Boothbay is around $1,260 which is lower than the US average of $1,430. Additionally the Grocery Cost Index in Boothbay is 112 versus 100 nationally. As far as local businesses go there are several including Boothbay Harbor Shipyard, Langsford Boatworks and Migrations Photography. In terms of employment, according to the most recent census data from 2017 10% of the population was employed in healthcare occupations and 7% were employed in management positions.
Boothbay has an unemployment rate of 8.6%. The US average is 6.0%.
Boothbay has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Boothbay
- The Sales Tax Rate for Boothbay is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Boothbay 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 Boothbay
- The average income of a Boothbay resident is $33,650 a year. The US average is $28,555 a year.
- The Median household income of a Boothbay resident is $56,023 a year. The US average is $69,021 a year.