Allagash, ME is a small town in the state of Maine with a population of just over 500 people. It is great for people looking for a rural lifestyle due to its peaceful atmosphere and low population. The rent for two bedroom apartments here is much lower than what you’d find in most areas, with the average being $830 while US averages are around $1,430. The grocery cost index in Allagash is higher than the rest of the country at 103 compared to 100, but still much cheaper than other more populated areas.
The economy of Allagash mostly consists of service businesses such as Allagash Lumber Co., Groesbeck Construction LLC, and Hall Trucking. These local companies provide services to the townspeople and surrounding area which helps them maintain their comfortable lifestyle despite their small population size. Overall, living in Allagash provides an affordable cost of living without sacrificing quality goods or services.
Allagash has an unemployment rate of 26.0%. The US average is 6.0%.
Allagash 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 Allagash
- The Sales Tax Rate for Allagash is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Allagash 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 Allagash
- The average income of a Allagash resident is $20,841 a year. The US average is $28,555 a year.
- The Median household income of a Allagash resident is $24,167 a year. The US average is $69,021 a year.