Castine, ME is a small yet vibrant community located on the banks of Penobscot Bay in Hancock County. It is an ideal location for those seeking a peaceful and laid-back lifestyle. The cost of living is relatively low, with two bedroom rentals averaging around $1,420 and grocery costs indexed at 115 versus 100 in the US. Residents can take advantage of the many outdoor activities such as boating, fishing, and hiking in the surrounding mountains. \nThe town also has several great local businesses such as Castine Hardware, which offers everything from tools to appliances; Stephen’s Seafood and Grill, serving up delicious seafood dishes; and Castine Kayak Adventures for guided tours through some of the most picturesque views in Maine.
Castine has an unemployment rate of 3.1%. The US average is 6.0%.
Castine 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 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Castine
- The Sales Tax Rate for Castine is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Castine 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 Castine
- The average income of a Castine resident is $21,847 a year. The US average is $28,555 a year.
- The Median household income of a Castine resident is $85,556 a year. The US average is $69,021 a year.