Skowhegan, ME is a small town in Kennebec County with a population of 8,589. It is located on the banks of the Kennebec River and provides locals with access to nearby bodies of water such as Lake Wesserunsett and the Carrabassett River. Local businesses include Skowhegan Savings Bank, Skowhegan Area Chamber of Commerce, and Davis Rental Center. Living costs in Skowhegan are significantly lower than the US average; 2 Bedroom rent is $920 compared to $1,430 nationally, and the grocery cost index is 104 versus 100 in the US. Despite its small size, Skowhegan offers a quality rural lifestyle at an affordable price tag.
Skowhegan has an unemployment rate of 6.9%. The US average is 6.0%.
Skowhegan has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Skowhegan
- The Sales Tax Rate for Skowhegan is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Skowhegan 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 Skowhegan
- The average income of a Skowhegan resident is $22,084 a year. The US average is $28,555 a year.
- The Median household income of a Skowhegan resident is $48,737 a year. The US average is $69,021 a year.