Knox, ME is a small rural town located in the state of Maine. The average rent for a two-bedroom apartment is $1,110 per month, significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Knox is 106 compared to the national average of 100. There are a few local businesses that residents can take advantage of such as the Knox Country Store and Cafe, Anderson's Auto Repair Shop, and Joyful Sounds Music School. These businesses provide goods and services unique to Knox and have served the community for many years.
Knox has an unemployment rate of 5.6%. The US average is 6.0%.
Knox has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Knox
- The Sales Tax Rate for Knox is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Knox 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 Knox
- The average income of a Knox resident is $21,394 a year. The US average is $28,555 a year.
- The Median household income of a Knox resident is $54,474 a year. The US average is $69,021 a year.