Hallowell, ME is a quaint city nestled in Kennebec County. It has a bustling downtown area with plenty of local businesses to explore, including Mainely Brews Coffee House, Green Mountain Coffee Roasters, Jay's Seafood Restaurant, and The Liberal Cup. Residents love living in Hallowell due to its friendly atmosphere and high quality of life. In terms of cost of living, Hallowell fares well compared to the US overall. 2 bedroom rent averages around $980 per month while the US averages around $1,430 per month. The grocery cost index also is quite favorable for Hallowell at 106 versus 100 for the US on average. All in all, Hallowell offers much to those looking for a small-town feel with big city amenities!
Hallowell has an unemployment rate of 3.7%. The US average is 6.0%.
Hallowell 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 Hallowell
- The Sales Tax Rate for Hallowell is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hallowell 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 Hallowell
- The average income of a Hallowell resident is $31,037 a year. The US average is $28,555 a year.
- The Median household income of a Hallowell resident is $57,250 a year. The US average is $69,021 a year.