New Portland, ME is an area known for its beautiful natural scenery and low-cost of living. With a two bedroom rental rate of just $930 compared to the US average of $1,430, it is easy to see why so many people are moving there. Local companies such as Smith's Home Goods, Green Mountain Coffee Roasters, and Maine Coast Sea Vegetables offer great products at convenient prices. Furthermore, the cost of groceries in New Portland is 105 compared to the US rate of 100, making it even more affordable for families to get the food they need without breaking the bank.
New Portland has an unemployment rate of 10.2%. The US average is 6.0%.
New Portland 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 23.9%, which is lower than the US average of 33.5%.
Tax Rates for New Portland
- The Sales Tax Rate for New Portland is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Portland 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 New Portland
- The average income of a New Portland resident is $21,031 a year. The US average is $28,555 a year.
- The Median household income of a New Portland resident is $36,417 a year. The US average is $69,021 a year.