Bangor, Maine is a growing city with a population of 32,000 located along the Penobscot River. It is known for its museums, historical sites, and outdoor activities like skiing and fishing. Bangor has a low cost of living compared to the US average, with 2 bedroom rent costing $1,220 compared to $1,430 nationally. The Grocery Cost Index in Bangor is also lower than the US average at 105 versus 100. Several major employers include Eastern Maine Medical Center, L.L. Bean, and Cross Insurance Agency providing strong economic stability for residents. With its natural beauty and low cost of living, Bangor is an attractive city to call home!
Bangor has an unemployment rate of 4.9%. The US average is 6.0%.
Bangor has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Bangor
- The Sales Tax Rate for Bangor is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bangor 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 Bangor
- The average income of a Bangor resident is $32,265 a year. The US average is $37,638 a year.
- The Median household income of a Bangor resident is $49,652 a year. The US average is $69,021 a year.