Caratunk, ME is a small town located in Somerset County. It is known for its great outdoors culture and beautiful landscapes. The average two bedroom rent in Caratunk is slightly higher than the US with it being $1,440 versus $1,430. This could be due to the fact that Caratunk does not have as many available apartments as other cities. Grocery costs are also slightly higher in Caratunk than the rest of the US with an index of 106 instead of 100.
Some local companies found in Caratunk include The Forks Country Store, Waterfront Cafe & Convenience Store, and Kennebec RiverTubing. These businesses provide visitors and locals alike with various goods and services ranging from food to outdoor recreation.
Caratunk also has a rich history that dates back to 1794 with the establishment of a sawmill by General John Fairfield. Today it has a population of 141 people according to the 2010 census which makes it one of the smallest towns in Maine. Despite its size, this rural area offers locals and visitors plenty of recreational activities such as fishing, hiking, camping, rafting, tubing and kayaking on the Kennebec River.
Caratunk has an unemployment rate of 2.1%. The US average is 6.0%.
Caratunk has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Caratunk
- The Sales Tax Rate for Caratunk is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Caratunk 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 Caratunk
- The average income of a Caratunk resident is $31,036 a year. The US average is $28,555 a year.
- The Median household income of a Caratunk resident is $117,917 a year. The US average is $69,021 a year.