Island Falls, ME is a small town in the state of Maine with a population of around 1,000. It is known for its beautiful scenery and friendly atmosphere. The 2 bedroom rental cost in Island Falls is $870 per month which is significantly lower than the average U.S. rental cost of $1,430 per month. The Grocery Cost Index in Island Falls is also 104 versus 100 in the US, suggesting that groceries are slightly more expensive than the national average.
As far as businesses go, there are several local companies like Island Falls Family Supermarket, Lumberjack Lanes Bowling Alley, and Paddy’s Pub that keep the town running smoothly. There are also plenty of nearby lakes and rivers to explore and have fun outdoors. In all, Island Falls has much to offer its residents and visitors alike!
Island Falls has an unemployment rate of 6.3%. The US average is 6.0%.
Island Falls 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 Island Falls
- The Sales Tax Rate for Island Falls is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Island Falls 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 Island Falls
- The average income of a Island Falls resident is $23,371 a year. The US average is $28,555 a year.
- The Median household income of a Island Falls resident is $39,911 a year. The US average is $69,021 a year.