Burnham, ME is a small town located in central Maine. The town is known for its picturesque scenes and rolling hills that make it a great place to live. Living in Burnham, ME can be quite affordable compared to other areas of the country due to its low 2 bedroom rent rate of $1,160 per month. This cost along with other expenses such as groceries are significantly lower than the national average; the grocery cost index in Burnham is 104 versus 100 in the US. The local economy is strong with many nearby companies such as Burnham Construction Services, Inc., Maine Lakeshore Realty, and Nadeau & Son Outdoor Power Equipment providing good employment opportunities to the community’s residents. All these factors together make Burnham an attractive place to live while keeping costs down.
Burnham has an unemployment rate of 6.8%. The US average is 6.0%.
Burnham has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Burnham
- The Sales Tax Rate for Burnham is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Burnham 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 Burnham
- The average income of a Burnham resident is $18,281 a year. The US average is $28,555 a year.
- The Median household income of a Burnham resident is $38,750 a year. The US average is $69,021 a year.