Bradford, ME is a small town located in Penobscot County. It is known for its scenic views and outdoor activities. The population of Bradford is estimated to be around 794 people as of 2019. The average rent for a 2 bedroom apartment is $920 which is much lower than the national average of $1,430. The local grocery cost index in Bradford is 103 compared to the national index 100, making it slightly more expensive than other areas of the country.
The economic landscape in Bradford includes several businesses such as Mainview Logging Company, Snow's Custom Smokehouse, Northern Pines Recreational Supplies and Quality Care Landscaping Services. All these businesses offer their services to locals and contribute to the economy of the community.
Overall, Bradford offers residents an affordable cost of living that is lower than the national average as well as plenty of outdoor activities and local businesses. This makes it an appealing destination for individuals who seek a small-town lifestyle with less expensive costs.
Bradford has an unemployment rate of 8.9%. The US average is 6.0%.
Bradford has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Bradford
- The Sales Tax Rate for Bradford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bradford 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 Bradford
- The average income of a Bradford resident is $19,404 a year. The US average is $28,555 a year.
- The Median household income of a Bradford resident is $71,786 a year. The US average is $69,021 a year.