Eddington, ME is a small town located in the US state of Maine. It is known for its affordability, with two bedroom rent being a mere $1,200 compared to the US average of $1,430. Additionally, grocery costs are also lower than other areas of the US as evidenced by Eddington’s Grocery Cost Index at 105 versus 100 in the US. There are many local businesses in the area that contribute to its economy. These include O'Connor's Gas and Oil Suppliers, JTM Real Estate Solutions, Anderson Construction and Supply Inc., and Belmont Auto Repair. With its low cost of living and ample business opportunities, Eddington is a great place to live and work.
Eddington has an unemployment rate of 4.1%. The US average is 6.0%.
Eddington 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 Eddington
- The Sales Tax Rate for Eddington is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Eddington 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 Eddington
- The average income of a Eddington resident is $26,190 a year. The US average is $28,555 a year.
- The Median household income of a Eddington resident is $65,089 a year. The US average is $69,021 a year.