Denmark, ME is a small town located in Cumberland County with a population of 543 according to the 2018 census. It is situated near several bodies of water including Moose Pond and Ring Lake. Local companies in Denmark include Riverside Cafe, The Woodshed Restaurant & Pub, and Denmark Country Store.
The average 2 bedroom rental rate in Denmark is significantly less than the national average, at $970 versus $1,430 respectively. Additionally, the Grocery Cost Index score for Denmark is higher than that of the US at 108 versus 100 respectively. This indicates that groceries cost more in Denmark than they do on an average basis throughout the entire United States.
Denmark has an unemployment rate of 6.1%. The US average is 6.0%.
Denmark has seen the job market increase by 0.1% 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 Denmark
- The Sales Tax Rate for Denmark is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Denmark 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 Denmark
- The average income of a Denmark resident is $24,697 a year. The US average is $28,555 a year.
- The Median household income of a Denmark resident is $66,146 a year. The US average is $69,021 a year.