Chester, ME Economy


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Chester, ME is a small community located in Kennebec County. It's a great place for those looking to settle into a quiet lifestyle outside of the hustle and bustle of city life. The cost of living in Chester, ME is relatively low compared to the US average; 2 bedroom rent comes in at $980 per month, whereas the national average sits at $1,430. Groceries here also boast an affordable price point due to an index rating of 103 compared to 100 in the US. Businesses present in Chester include companies such as Ernie’s Market, Main Street Crafts & Collectibles, and Susan’s Country Store. All in all, Chester serves as a great home base for folks on a budget.

Chester has an unemployment rate of 4.7%. The US average is 6.0%.

Chester 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 Chester
- The Sales Tax Rate for Chester is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester
- The average income of a Chester resident is $23,060 a year. The US average is $28,555 a year.
- The Median household income of a Chester resident is $47,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester, MaineUnited States
  4.76
  -4.3%-6.2%
  26.6%33.5%
  5.5%6.2%
  6.8%4.6%
  $20,384$37,638
  $47,500$69,021
  $52,222$85,028
  Population by Occupation
  13.1%1.2%
  0.0%0.5%
  3.3%6.8%
  11.2%10.0%
  0.0%2.5%
  15.9%11.0%
  3.3%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  7.9%1.9%
  4.7%7.6%
  0.0%0.1%
  4.2%4.2%
  7.9%9.3%
  14.5%14.0%
  0.0%2.1%
  2.8%7.0%
  9.8%4.8%
  1.4%4.7%
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