Lakeville, Maine is a small town located in Penobscot County with a population of about 1,000 people. It has two main industries that provide employment opportunities for its residents: fishing and tourism. The main attractions are the local beaches, hiking trails, and boat launch sites. The cost of living in Lakeville is slightly lower than the US average, with an average 2 bedroom rent being at $1120 compared to $1430 nationally. Additionally, the grocery cost index in Lakeville is higher than national averages by one point. Local businesses include NDS Construction & Development LLC and New Beginnings Wellness Center. Overall, Lakeville is an economical option for individuals who want to experience Maine’s coastal lifestyle without breaking their budget.
Lakeville has an unemployment rate of 19.0%. The US average is 6.0%.
Lakeville has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Lakeville
- The Sales Tax Rate for Lakeville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lakeville 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 Lakeville
- The average income of a Lakeville resident is $34,594 a year. The US average is $28,555 a year.
- The Median household income of a Lakeville resident is $37,083 a year. The US average is $69,021 a year.