Parkman, ME is a small town with a population below 5,000 people. It's situated in the natural beauty of Maine, surrounded by forests and fresh air. The rent for a two-bedroom apartment in Parkman is quite affordable at only $840 versus the national average of $1,430. Additionally, the grocery cost index in Parkman is 105 compared to 100 on average across the US – indicating that food costs slightly more than it does elsewhere.
There are many local businesses that make up this small town such as Pearson's Store, Indian Hill Orchards, and Hall’s Firewood & Logging Services Incorporated. These are just some of the places that contribute to Parkman’s economy and provide residents with goods and services. The cost of living in Parkman is very reasonable when considering housing costs as well as grocery costs versus other areas around the country.
Parkman has an unemployment rate of 5.4%. The US average is 6.0%.
Parkman has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Parkman
- The Sales Tax Rate for Parkman is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Parkman 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 Parkman
- The average income of a Parkman resident is $18,350 a year. The US average is $28,555 a year.
- The Median household income of a Parkman resident is $42,083 a year. The US average is $69,021 a year.