Trenton, Maine is a small town situated by the Penobscot Bay in Hancock County. It has a quiet atmosphere that attracts people of all ages who are looking for an escape from big city life. The cost of living in Trenton is quite low compared to many other parts of the country, with a 2 bedroom rent of $1,040 - which is significantly lower than the US average of $1,430. Grocery costs here are also very reasonable, with the Grocery Cost Index in Trenton being 106 versus 100 in the United States on average. Living and working in Trenton also offer great opportunities; there are several local companies, such as Trident Seafoods and Raye's Mustard Mill that have been around for many years, providing employment and economic stability to residents. All these factors make Trenton an attractive destination for those wanting to enjoy a peaceful life away from hustle and bustle of major cities while still having access to essential services.
Trenton has an unemployment rate of 7.4%. The US average is 6.0%.
Trenton 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 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Trenton
- The Sales Tax Rate for Trenton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Trenton 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 Trenton
- The average income of a Trenton resident is $27,497 a year. The US average is $28,555 a year.
- The Median household income of a Trenton resident is $59,821 a year. The US average is $69,021 a year.