Stow, ME is a small town located in the southwestern part of the state near Newry and Bethel. It is known for its natural beauty, quaint downtown area, and abundance of outdoor activities. The two bedroom rent in Stow is quite affordable at $970 compared to the US average of $1,430. Additionally, Stow's Grocery Cost Index is slightly higher than average at 106 versus 100 in the US. Popular local companies include Sunday River Brewing Company which brews award-winning beers, Latinx owned restaurant El Nopal which offers authentic Mexican cuisine, and Elements Massage which provides therapeutic massage services.
Stow has an unemployment rate of 5.8%. The US average is 6.0%.
Stow has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Stow
- The Sales Tax Rate for Stow is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Stow 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 Stow
- The average income of a Stow resident is $19,263 a year. The US average is $28,555 a year.
- The Median household income of a Stow resident is $36,769 a year. The US average is $69,021 a year.