Dedham, ME is a small town located in Hancock County. It has a population of around 1,400 people making it an ideal location for those looking for a peaceful and quiet atmosphere. The cost of living is relatively low with the average 2 bedroom rent being $1,130 and a grocery cost index of 106 compared to 100 nationally. Due to its small size, Dedham offers limited professional opportunities but there are still local businesses that contribute to the economy. These include restaurants, such as Dedham House of Pizza and Oceanside Lobster Pound; retail options like Harmony Hill Trading Co; and service providers like Dedham Veterinary Clinic. In addition to these businesses, Dedham also has plenty of outdoor recreation activities at nearby parks and trails such as Echo Lake State Park or Whitney Preserve Trail.
Dedham has an unemployment rate of 4.4%. The US average is 6.0%.
Dedham 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 Dedham
- The Sales Tax Rate for Dedham is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Dedham 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 Dedham
- The average income of a Dedham resident is $33,964 a year. The US average is $28,555 a year.
- The Median household income of a Dedham resident is $87,250 a year. The US average is $69,021 a year.