Appleton, ME is a vibrant and economically diverse community located approximately 50 miles northwest of Portland. With a population of just over 3,000 people, Appleton is home to several notable businesses and organizations including Maine Lakes Realty Company, A.T. Wall Co. Inc., Appleton Veterinary Clinic, Appleton Public Library, and more. One of the main advantages of living in Appleton is its low cost of living compared to other parts of the United States. The average 2-bedroom rental price in Appleton is $1,110 while the US average for a 2 bedroom rental is $1,430. Similarly, Appleton has a Cost of Living Index score of 106 compared to that of 100 across the nation. All this makes it an attractive place for people looking for an affordable place to call home.
Appleton has an unemployment rate of 5.9%. The US average is 6.0%.
Appleton has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Appleton
- The Sales Tax Rate for Appleton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Appleton 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 Appleton
- The average income of a Appleton resident is $29,050 a year. The US average is $37,638 a year.
- The Median household income of a Appleton resident is $46,375 a year. The US average is $69,021 a year.