Washburn, ME is a small town located along the Penobscot River in Aroostook County. It is known for its stunning views of the river and its close proximity to nearby ski resorts. The cost of living in Washburn is relatively low compared to other cities, with 2 bedroom apartments renting for $840 and grocery costs having an index of 104 versus 100 in the US.
The town is home to several local businesses such as Devaney's Irish Pub & Grub, Pointe East Restaurant & Lounge, Eagle Lake Inn, Sieng’s Asian Grocery Store, and more. There are also many outdoor activities such as skiing at Bigrock Mountain or ice fishing on Eagle Lake. Washburn offers a wonderful lifestyle with all the amenities of a larger city but with much lower costs and no shortage of things to do.
Washburn has an unemployment rate of 6.3%. The US average is 6.0%.
Washburn has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Washburn
- The Sales Tax Rate for Washburn is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Washburn 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 Washburn
- The average income of a Washburn resident is $21,772 a year. The US average is $28,555 a year.
- The Median household income of a Washburn resident is $40,795 a year. The US average is $69,021 a year.