Situated in York County, South Eliot, ME is a small community that offers its residents an affordable housing market and relatively low grocery cost index compared to the US. The average 2 Bedroom Rent in South Eliot is $1,540 versus the US average rent of $1,430. In addition, grocery cost index in South Eliot is 112 compared to 100 in the US.
The area has several local companies such as Pride Manufacturing Inc., a leading supplier of custom aluminum extrusions for industrial use; Argo Construction Co., offering construction services for residential and commercial projects; and Eliot Veterinary Hospital providing quality pet care services.
Overall, South Eliot offers an economically favorable environment with affordable housing market rates and low grocery cost index. Local businesses offer additional employment opportunities for residents within the community.
South Eliot has an unemployment rate of 5.8%. The US average is 6.0%.
South Eliot has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for South Eliot
- The Sales Tax Rate for South Eliot is 5.5%. The US average is 7.3%.
- The Income Tax Rate for South Eliot 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 South Eliot
- The average income of a South Eliot resident is $33,867 a year. The US average is $28,555 a year.
- The Median household income of a South Eliot resident is $83,618 a year. The US average is $69,021 a year.