Lovell, ME is a small town located in northern New England. It is a great place to live, offering an affordable cost of living compared to the average nationwide while also having plenty of local attractions to explore. The median two bedroom rent in Lovell is $960 compared to the US average of $1,430. Additionally, the Grocery Cost Index for Lovell is 107 versus 100 in the US. \nLovell residents can enjoy a variety of interesting activities such as visiting the nearby Kezar Lake or hiking along the Sunday River. Shopping in downtown Lovell includes stores such as Bald Mountain Trading Post and The Fryeburg Fairgrounds which offer unique items to take home. For those looking for some delicious local food offerings, there are several restaurants and eateries including La Bella Vita Pizzeria and Frosty's Donuts & Deli.
Lovell has an unemployment rate of 6.4%. The US average is 6.0%.
Lovell has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Lovell
- The Sales Tax Rate for Lovell is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lovell 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 Lovell
- The average income of a Lovell resident is $26,547 a year. The US average is $28,555 a year.
- The Median household income of a Lovell resident is $63,125 a year. The US average is $69,021 a year.