China, ME is a small town located in the United States with a population of around 1,000 people. It has a great community atmosphere and is comprised of local businesses such as China Doll Hair Salon, China Thrift Store, and the China Diner. Despite its small population and size, housing and grocery prices are surprisingly affordable with an average two bedroom apartment renting for only $980 a month and a grocery cost index of 106 compared to 100 in the US. As a result, it is no surprise that more people are choosing to settle down in this quaint little town.
China has an unemployment rate of 4.5%. The US average is 6.0%.
China 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 China
- The Sales Tax Rate for China is 5.5%. The US average is 7.3%.
- The Income Tax Rate for China 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 China
- The average income of a China resident is $23,041 a year. The US average is $28,555 a year.
- The Median household income of a China resident is $83,259 a year. The US average is $69,021 a year.