Wales, ME is a small town located in Kennebec County with a population of around 2,000 people. It is known for its scenic views and welcoming community. The cost of living in Wales, ME is lower than the US average. Rent for a two bedroom apartment is $1,210 compared to the US average of $1,430. The grocery cost index in Wales, ME is 106 versus 100 in the US. Local companies near Wales include Ej Prescott, Inc., CMP-Central Maine Power Co., and Hannaford Supermarkets. All of these businesses offer competitive wages which further helps to offset the cost of living in this area. Overall, Wales is an affordable place to live that offers small town charm with big city amenities nearby.
Wales has an unemployment rate of 4.3%. The US average is 6.0%.
Wales has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Wales
- The Sales Tax Rate for Wales is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wales 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 Wales
- The average income of a Wales resident is $25,564 a year. The US average is $28,555 a year.
- The Median household income of a Wales resident is $70,417 a year. The US average is $69,021 a year.