Prospect, ME is a beautiful town located in Penobscot County. It is a great place to live with its low crime rate, friendly people, and local amenities. The two bedroom rent in Prospect is much lower than the US average at $1,120 compared to the US average of $1,430 for two bedrooms. Additionally, Prospect has a lower cost of groceries than most parts of the country due to its Grocery Cost Index being 107 compared to 100 in the US. Local companies like Prospect Bay Marina and The Inn at Prospect Harbor provide jobs and services to the local economy. With its low rent and cost of living expenditures, Prospect makes for an excellent place to live or visit.
Prospect has an unemployment rate of 3.6%. The US average is 6.0%.
Prospect has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Prospect
- The Sales Tax Rate for Prospect is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Prospect 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 Prospect
- The average income of a Prospect resident is $28,794 a year. The US average is $28,555 a year.
- The Median household income of a Prospect resident is $64,038 a year. The US average is $69,021 a year.