Cape Elizabeth, ME is a beautiful coastal town located in Southern Maine. It has many local attractions like Two Lights State Park and Crescent Beach. The local economy is supported by businesses such as Cape Elizabeth Hardware & Garden, Cape Trading Co., and Ellsworth's Market. The cost of living in Cape Elizabeth is above the US average, with the median 2 bedroom rent at $2,040 compared to the US median of $1,430. Additionally, the grocery cost index is 115 versus 100 in the US. The population of Cape Elizabeth is approximately 9,500 with a median age of 46.4 years old and a median household income of $87,800.
Cape Elizabeth has an unemployment rate of 3.2%. The US average is 6.0%.
Cape Elizabeth has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Cape Elizabeth
- The Sales Tax Rate for Cape Elizabeth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cape Elizabeth 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 Cape Elizabeth
- The average income of a Cape Elizabeth resident is $52,078 a year. The US average is $28,555 a year.
- The Median household income of a Cape Elizabeth resident is $129,503 a year. The US average is $69,021 a year.