Alfred, ME is a small town in the Northeastern United States with a population of about 5,000. Rent for two bedrooms is quite affordable at $1,350 compared to the US average of $1,430. It also has a grocery cost index of 108 versus 100 in the US, making groceries slightly more expensive than the national average. The area is known for its abundance of outdoor activities such as hiking and biking with plenty of local companies offering guided tours. Additionally, there are many small businesses in Alfred such as The Mallet Family Farm which specializes in organic produce, Alfred Nails & Spa Salon that offers manicure services and Gary's Automotive Repair for vehicle repairs and maintenance. All these businesses contribute to Alfred's growing economy and make it an ideal place to live.
Alfred has an unemployment rate of 5.9%. The US average is 6.0%.
Alfred has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Alfred
- The Sales Tax Rate for Alfred is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Alfred 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 Alfred
- The average income of a Alfred resident is $26,585 a year. The US average is $28,555 a year.
- The Median household income of a Alfred resident is $51,413 a year. The US average is $69,021 a year.