Bridgewater, ME is a small town located in southern Maine that is known for its rich history and quaint atmosphere. It is home to a variety of local businesses, such as Bridgewater Village Store, The Bridgewater Inn, and B&B Hardware. Compared to the US, Bridgewater has an affordable cost of living; 2 bedroom rent in the town is $870 compared to the US average of $1,430. Additionally, Bridgewater has a grocery cost index of 103 versus 100 in the US. Overall, Bridgewater is an ideal place to live for those who are looking for a peaceful environment with an affordable cost of living.
Bridgewater has an unemployment rate of 6.8%. The US average is 6.0%.
Bridgewater has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Bridgewater
- The Sales Tax Rate for Bridgewater is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater 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 Bridgewater
- The average income of a Bridgewater resident is $25,237 a year. The US average is $37,638 a year.
- The Median household income of a Bridgewater resident is $39,808 a year. The US average is $69,021 a year.