Boothbay Harbor, ME is a beautiful coastal town located in southern Maine. It has a rich maritime heritage and offers plenty of attractions and activities for visitors to enjoy. The cost of living in Boothbay Harbor is quite low compared to the US average; the median 2 bedroom rent rate is $1,180, which is much lower than the national rate of $1,430. Additionally, the Grocery Cost Index in Boothbay Harbor is 109 versus 100 in the United States. \nThere are many local businesses that contribute to the economy of Boothbay Harbor such as The Galley Restaurant & Pub, Pirate's Cove Adventure Golf, and Linekin Bay Resort. These businesses provide employment opportunities as well as entertainment for locals and visitors alike. All in all, Boothbay Harbor has an appealing cost of living combined with plenty of leisure activities that make it a great place for people looking to settle down or enjoy a vacation.
Boothbay Harbor has an unemployment rate of 5.7%. The US average is 6.0%.
Boothbay Harbor has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Boothbay Harbor
- The Sales Tax Rate for Boothbay Harbor is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Boothbay Harbor 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 Boothbay Harbor
- The average income of a Boothbay Harbor resident is $41,764 a year. The US average is $37,638 a year.
- The Median household income of a Boothbay Harbor resident is $57,917 a year. The US average is $69,021 a year.