Newry, ME is a small town situated in Oxford County. It is an excellent destination for those who wish to take a break from their busy lives and live a relaxed lifestyle. The cost of living in Newry is relatively low compared to other parts of the country; the average 2 bedroom rent is $1,150 while the US average is $1,430. Additionally, grocery costs are also lower than the national average with a grocery cost index of 105 versus 100 in the US.
Residents of Newry benefit from several local companies which include stores like Maine Sport Outfitters and Sunday River Realty. There are several amenities close-by such as restaurants, pharmacies and banks. Moreover, Newry is a great place to explore nature; popular attractions include Mount Willmon Wildlife Management Area and Sunday River Ski Resort.
Newry has an unemployment rate of 6.5%. The US average is 6.0%.
Newry 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 Newry
- The Sales Tax Rate for Newry is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newry 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 Newry
- The average income of a Newry resident is $24,329 a year. The US average is $28,555 a year.
- The Median household income of a Newry resident is $65,938 a year. The US average is $69,021 a year.