Byron, ME is a small town located in the beautiful midcoast region of Maine. It offers a tranquil and peaceful atmosphere with a range of outdoor activities to explore. The cost of living in Byron is quite reasonable, with two-bedroom rentals averaging at $950 - substantially lower than the national average of $1,430. Grocery costs in Byron are also slightly lower than the national average, with an index of 103 versus 100 nationwide. This makes Byron an attractive location for those seeking a more affordable lifestyle.
Local businesses in Byron include Freeport Lobster Co., which has been supplying fresh seafood to the area since 1935, and Marshall Marine Corporation, which specializes in boat repair and sales. For home improvement projects there's Goodhue Lumber & Hardware, which offers everything from hardwood flooring to garden supplies. There's also Seanchai Farm Market, offering locally sourced produce and meats from local farmers.
Byron has an unemployment rate of 1.4%. The US average is 6.0%.
Byron has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Byron
- The Sales Tax Rate for Byron is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Byron 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 Byron
- The average income of a Byron resident is $44,845 a year. The US average is $37,638 a year.
- The Median household income of a Byron resident is $77,500 a year. The US average is $69,021 a year.