Ogunquit, ME Economy


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Ogunquit, ME is an idyllic coastal town located on the Atlantic Ocean in Southern Maine. With its white sand beaches and charming downtown area, it is a popular summer destination for those looking to escape the hustle and bustle of city life. The 2 bedroom rent in Ogunquit is $1,980 compared to the US average of $1,430, while groceries are slightly higher with an index of 116 as opposed to 100 in the US. Popular businesses in the area include The Barnacle, a restaurant featuring fresh seafood dishes; Sandy Point Beach Resort and Campground offering waterfront camping; and Marginal Way Path which provides stunning views of the ocean. For nature-lovers there's also Rachel Carson National Wildlife Refuge where visitors can view majestic wildlife. Ogunquit has something for everyone!

Ogunquit has an unemployment rate of 10.6%. The US average is 6.0%.

Ogunquit has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.

Tax Rates for Ogunquit
- The Sales Tax Rate for Ogunquit is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ogunquit 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 Ogunquit
- The average income of a Ogunquit resident is $47,827 a year. The US average is $28,555 a year.
- The Median household income of a Ogunquit resident is $80,673 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOgunquit, MaineUnited States
  10.66
  -7.6%-6.2%
  40.0%33.5%
  5.5%6.2%
  6.8%4.6%
  $65,288$37,638
  $80,673$69,021
  $96,250$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.4%6.8%
  19.0%10.0%
  0.0%2.5%
  5.1%11.0%
  0.4%4.8%
  0.0%0.8%
  1.9%1.9%
  2.4%4.7%
  2.3%1.9%
  9.8%7.6%
  0.0%0.1%
  4.7%4.2%
  7.1%9.3%
  6.8%14.0%
  8.3%2.1%
  20.1%7.0%
  0.0%4.8%
  5.5%4.7%
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