Marshfield, Maine is a small town located in the Penobscot River Valley. It is known for its beautiful scenery and outdoor activities such as fishing, hiking, hunting, kayaking, and skiing. The town has a small population of just over 900 people. Although the cost of living in Marshfield is slightly higher than in other parts of Maine, it remains much lower than the national average. Two bedroom rent is $870 per month compared to the US average of $1,430 and grocery costs are 6% higher in Marshfield. Local businesses include the Marshfield Country Store, Penobscot County Foundry & Machine Co Inc., and Fisherman's Market & Grill.
Marshfield has an unemployment rate of 3.6%. The US average is 6.0%.
Marshfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Marshfield
- The Sales Tax Rate for Marshfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Marshfield 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 Marshfield
- The average income of a Marshfield resident is $25,608 a year. The US average is $28,555 a year.
- The Median household income of a Marshfield resident is $51,750 a year. The US average is $69,021 a year.