Baileyville, ME is a small town located in the northern part of Maine. It is an affordable place to live with its two-bedroom rent being $870, which is nearly $560 cheaper than the US average of $1,430. Additionally, grocery costs are slightly higher than the national average with an index of 104 versus 100 in the US. The town is home to several local businesses such as Baileyville Lumber Company, Baileyville Farmers Coop, and Westland Realty. All these companies contribute to the economic stability of this small town and provide its residents with goods and services needed for day-to-day living.
Baileyville has an unemployment rate of 6.7%. The US average is 6.0%.
Baileyville has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Baileyville
- The Sales Tax Rate for Baileyville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Baileyville 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 Baileyville
- The average income of a Baileyville resident is $24,626 a year. The US average is $28,555 a year.
- The Median household income of a Baileyville resident is $40,694 a year. The US average is $69,021 a year.