Andover, Maine is a small town located in Oxford County. It is home to many local businesses such as The Andover General Store, The Old Outpost Country Store, and Andover Trading Post. This town has many recreational activities available for the locals to enjoy such as hiking trails, fishing spots, and local beaches. The cost of living in Andover, ME is relatively low compared to other parts of the US. Rent for a two bedroom apartment averages $960 per month while the US average for two bedroom rent is $1,430 per month. Additionally, the grocery cost index in Andover is 105 versus 100 in the US. Living in Andover offers affordable rent prices and a reasonable cost of living that make it an attractive place for people looking for a great value on their dollar.
Andover has an unemployment rate of 4.6%. The US average is 6.0%.
Andover has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Andover
- The Sales Tax Rate for Andover is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Andover 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 Andover
- The average income of a Andover resident is $19,105 a year. The US average is $28,555 a year.
- The Median household income of a Andover resident is $41,645 a year. The US average is $69,021 a year.