Scarborough, ME is a popular coastal town located in Maine. It offers attractive real estate options, with 2 bedroom rents coming in at $2,050 compared to the national average of $1,430. The cost of living is slightly more expensive here than average with the Grocery Cost Index being 118 compared to the US' 100. Ultimately though, this is a great place to live with plenty of local businesses to choose from such as Scarborough Fish & Lobster, The West End Creamery and The Landing restaurant. Despite its higher than average rent prices and grocery costs, Scarborough remains an affordable place to live in one of Maine's most desirable locations.
Scarborough has an unemployment rate of 4.5%. The US average is 6.0%.
Scarborough 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 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Scarborough
- The Sales Tax Rate for Scarborough is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Scarborough 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 Scarborough
- The average income of a Scarborough resident is $40,269 a year. The US average is $28,555 a year.
- The Median household income of a Scarborough resident is $105,960 a year. The US average is $69,021 a year.