Waltham, ME is a small town located in Lincoln County. It is situated along the coast of Maine and boasts stunning views of the Atlantic Ocean. The cost of living is quite affordable compared to other parts of the country; for example, two bedroom rents are only $1040 per month in Waltham, whereas they are usually around $1430 elsewhere. Additionally, grocery prices in Waltham are slightly higher than average with an index score of 106 versus 100 nationally.
The town's economy is mainly supported by local businesses such as Miles Industries LLC, which specializes in industrial products and services; Cianbro Corporation, a construction and engineering company; Smith Transport Incorporated, a trucking business; and Polar Beverages Corporation, which produces and bottles beverages. Other local companies include Bemis Company Inc., Bangor Savings Bank, Vanceboro Wood Products LLC., Meriturn Partners LLC., and Aroostook Trusses Inc.
Waltham has an unemployment rate of 3.2%. The US average is 6.0%.
Waltham 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 Waltham
- The Sales Tax Rate for Waltham is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waltham 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 Waltham
- The average income of a Waltham resident is $25,706 a year. The US average is $28,555 a year.
- The Median household income of a Waltham resident is $53,125 a year. The US average is $69,021 a year.