Cape Neddick, Maine is a small town situated along the rocky coast of the Atlantic Ocean. The population of Cape Neddick is small, but it has a variety of local businesses to offer its residents. Businesses in the area include the Seawall Lobster Pound, Tide Mill Creamery, and Gather Wine Bar & Kitchen. Rent for a two-bedroom home in Cape Neddick is around $1,830 per month which is slightly higher than the US average of $1,430. Grocery costs are also higher with an index of 114 compared to 100 nationally. Despite the cost of living being slightly above average for the United States, Cape Neddick offers its residents great opportunities to enjoy activities such as fishing and kayaking off the rocky coastline or shopping at any of its many local shops and businesses.
Cape Neddick has an unemployment rate of 5.8%. The US average is 6.0%.
Cape Neddick has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Cape Neddick
- The Sales Tax Rate for Cape Neddick is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cape Neddick 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 Neddick
- The average income of a Cape Neddick resident is $43,654 a year. The US average is $28,555 a year.
- The Median household income of a Cape Neddick resident is $81,442 a year. The US average is $69,021 a year.