Portland, ME is a vibrant city with plenty of opportunities for businesses and families alike. The average two bedroom rent in Portland is $1,930 compared to the US at $1,430 making it slightly higher than the national average. This is balanced out however by a lower grocery cost index of 111 versus 100 in the US. Companies such as WEX Inc, Unum Group, and IDEXX Laboratories are located in the area offering various job options for its residents. All considered, Portland offers a relatively high standard of living with affordable housing and groceries.
Portland has an unemployment rate of 5.2%. The US average is 6.0%.
Portland has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Portland
- The Sales Tax Rate for Portland is 5.5%. The US average is 7.3%.
- The Income Tax Rate for 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 Portland
- The average income of a Portland resident is $29,445 a year. The US average is $28,555 a year.
- The Median household income of a Portland resident is $66,109 a year. The US average is $69,021 a year.