Chelsea, ME Economy


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Chelsea, ME is a small rural community located in the state of Maine. It is known for its natural beauty and picturesque landscapes. The cost of living is low and 2 bedroom rent in the area averages around $1,130 per month. Grocery costs are slightly higher than average but still relatively inexpensive with an index of 105 compared to 100 in the US.
There are many local businesses located in Chelsea including Chelsea Dairy Farm, Arftwood Specialty Products, and Hillside Orchard Farms. These businesses provide employment opportunities for locals as well as fresh produce from the farm for visitors to enjoy. For those looking for outdoor recreation, there are plenty of things to do such as hiking at Wolfe's Neck State Park or kayaking along Androscoggin River. Additionally, Sebago Lake State Park is nearby offering camping, picnicking, fishing and swimming opportunities for all ages.

Chelsea has an unemployment rate of 5.1%. The US average is 6.0%.

Chelsea has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Chelsea
- The Sales Tax Rate for Chelsea is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Chelsea 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 Chelsea
- The average income of a Chelsea resident is $23,964 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea resident is $72,732 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChelsea, MaineUnited States
  5.16
  -3.5%-6.2%
  31.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $31,549$37,638
  $72,732$69,021
  $74,964$85,028
  Population by Occupation
  2.6%1.2%
  0.6%0.5%
  12.7%6.8%
  4.7%10.0%
  3.8%2.5%
  13.2%11.0%
  3.6%4.8%
  1.8%0.8%
  0.5%1.9%
  3.7%4.7%
  0.7%1.9%
  5.6%7.6%
  0.0%0.1%
  1.9%4.2%
  6.6%9.3%
  20.0%14.0%
  0.0%2.1%
  3.7%7.0%
  6.0%4.8%
  8.4%4.7%
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