Cornville, ME is a small town located in Somerset County. The median rent for two bedrooms is $920 compared to the U.S. median of $1,430. This makes living in Cornville more affordable than other places in the country. Moreover, the grocery cost index in Cornville is 104 compared to 100 nationally, indicating that purchasing food and groceries is slightly more expensive in Cornville than elsewhere in the United States.
Major employers in this small Maine town include T&M Power Equipment, A-1 Septic & Portable Toilets and Rines Lumber Co., Inc., all of which provide employment opportunities for local residents. The beautiful landscape of Cornville makes it an ideal destination for outdoor enthusiasts who enjoy activities such as hiking, biking and camping. All these factors make living in Cornville a very attractive option for people looking to settle down away from busy city life while enjoying affordable living costs and access to nature reserves.
Cornville has an unemployment rate of 4.5%. The US average is 6.0%.
Cornville 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 Cornville
- The Sales Tax Rate for Cornville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cornville 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 Cornville
- The average income of a Cornville resident is $22,132 a year. The US average is $28,555 a year.
- The Median household income of a Cornville resident is $70,357 a year. The US average is $69,021 a year.