Bowdoin, ME is an area known for its affordability and convenience. The 2 bedroom rent in Bowdoin is $1,200, which is much lower than the national average of $1,430. People looking for a bargain may find what they need here. Also, the Grocery Cost Index in Bowdoin stands at 107 versus the national average of 100. This means that groceries cost slightly more here compared to the rest of the United States. \nSome local businesses and landmarks in Bowdoin include J&M Farms, a family-owned produce and dairy farm, as well as Quik Stop Market which offers a variety of convenience items. There is also the popular Bremen Town Park which contains walking trails, sports fields and picnic areas. In addition to this, travelers can visit Hanley Park located near the Androscoggin River or take part in activities at the Bowdoinham Community Center.
Bowdoin has an unemployment rate of 3.3%. The US average is 6.0%.
Bowdoin has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Bowdoin
- The Sales Tax Rate for Bowdoin is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bowdoin 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 Bowdoin
- The average income of a Bowdoin resident is $33,055 a year. The US average is $37,638 a year.
- The Median household income of a Bowdoin resident is $70,000 a year. The US average is $69,021 a year.