Mount Desert, ME Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Maine / No Metro Area / Hancock County / Mount Desert / Zip Codes
Mount Desert, ME is a beautiful town situated in Hancock County along the coast of Maine. It has beautiful scenery, stunning mountains, and an abundance of outdoor activities to explore. There are numerous local businesses including restaurants, cafes, markets, stores, and galleries that add to the small-town charm of Mount Desert. The 2 bedroom rent in Mount Desert is $1,730 which is higher than the US average of $1,430 but grocery cost index is 117 versus 100 so overall living costs are still very reasonable. With a variety of outdoor activities ranging from kayaking to fishing and camping to hiking, Mount Desert is the perfect place for those who love nature and adventure. The area also offers excellent schools for children of all ages as well as plenty of entertainment for adults at night with its thriving bar scene. In conclusion, Mount Desert is a great place to move because it provides residents with an abundance of activities while maintaining its small-town feel.

Mount Desert has an unemployment rate of 6.8%. The US average is 6.0%.

Mount Desert 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 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Mount Desert
- The Sales Tax Rate for Mount Desert is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Mount Desert 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 Mount Desert
- The average income of a Mount Desert resident is $42,140 a year. The US average is $28,555 a year.
- The Median household income of a Mount Desert resident is $72,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Desert, MaineUnited States
  6.86
  -8.1%-6.2%
  32.5%33.5%
  5.5%6.2%
  6.8%4.6%
  $52,502$37,638
  $72,500$69,021
  $129,688$85,028
  Population by Occupation
  3.9%1.2%
  0.0%0.5%
  9.0%6.8%
  3.4%10.0%
  3.5%2.5%
  10.0%11.0%
  0.4%4.8%
  1.5%0.8%
  0.0%1.9%
  1.3%4.7%
  7.0%1.9%
  14.4%7.6%
  0.0%0.1%
  1.0%4.2%
  19.0%9.3%
  12.4%14.0%
  1.2%2.1%
  7.5%7.0%
  3.5%4.8%
  1.0%4.7%
Health
Compare Mount Desert, ME
cost of living
Compare food, housing, utilities, and more in Mount Desert, Maine to any other city in the US.