Searsport, ME is a small town located in the northeast United States. It is filled with friendly locals and a variety of businesses. Some of these companies include Maine Ocean School, Epic Sports & Fitness, Searsport Shores Ocean Campground, and Waldo County Boatbuilding. Renting a two bedroom apartment in Searsport is much cheaper than the national average, costing only $1,130 while the US average is at $1,430. Additionally, cost of groceries is slightly higher at 106 on the index versus 100 nationally. However salaries are generally low in this area if you do not work for one of the larger companies so it may be difficult to make ends meet.
Searsport has an unemployment rate of 5.5%. The US average is 6.0%.
Searsport 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 Searsport
- The Sales Tax Rate for Searsport is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Searsport 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 Searsport
- The average income of a Searsport resident is $29,367 a year. The US average is $37,638 a year.
- The Median household income of a Searsport resident is $47,466 a year. The US average is $69,021 a year.