Kennebunkport, ME is a scenic coastal town located in Southern Maine. It is renowned for its beautiful beaches and quaint downtown area. Rent in Kennebunkport can be expensive compared to other parts of the US, with 2 bedroom apartments costing about $1,480 per month. The grocery cost index also reflects this trend, as it is 115 compared to 100 in the US. Despite the higher costs, Kennebunkport has many attractions and amenities that make it a desirable location to live in. Notable local companies include Thos. Moser Cabinetmaker, Federal Jack's Brewpub & Restaurant, and Port Lobster Co., Inc.
Kennebunkport has an unemployment rate of 5.8%. The US average is 6.0%.
Kennebunkport has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Kennebunkport
- The Sales Tax Rate for Kennebunkport is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Kennebunkport 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 Kennebunkport
- The average income of a Kennebunkport resident is $48,355 a year. The US average is $28,555 a year.
- The Median household income of a Kennebunkport resident is $87,989 a year. The US average is $69,021 a year.