Grand Isle, ME Economy


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United States / Maine / No Metro Area / Aroostook County / Grand Isle / Zip Codes
Grand Isle, ME is known for its beautiful scenery and peaceful outdoors. The rental costs are much lower than in the US as a 2 bedroom apartment averages at $750 compared to $1430. Grand Isle also has a cheaper grocery cost index with 102 compared to 100 in the US. There are many local companies that offer services such as fishing trips, boat tours, camping gear, and clamming lessons. In addition there are also restaurants such as Red's Eats and Lobster Shack that provide delicious seafood with an ocean view. Grand Isle is a great spot for those looking for an affordable getaway or simply to enjoy nature's beauty.

Grand Isle has an unemployment rate of 6.1%. The US average is 6.0%.

Grand Isle has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.

Tax Rates for Grand Isle
- The Sales Tax Rate for Grand Isle is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Grand Isle 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 Grand Isle
- The average income of a Grand Isle resident is $19,638 a year. The US average is $28,555 a year.
- The Median household income of a Grand Isle resident is $31,339 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrand Isle, MaineUnited States
  6.16
  -3.4%-6.2%
  24.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $22,989$37,638
  $31,339$69,021
  $48,571$85,028
  Population by Occupation
  4.6%1.2%
  0.0%0.5%
  7.2%6.8%
  13.2%10.0%
  0.7%2.5%
  3.9%11.0%
  14.5%4.8%
  14.5%0.8%
  0.0%1.9%
  5.3%4.7%
  0.0%1.9%
  3.9%7.6%
  0.0%0.1%
  1.3%4.2%
  7.9%9.3%
  14.5%14.0%
  2.0%2.1%
  0.0%7.0%
  2.0%4.8%
  4.6%4.7%
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