Located in Penobscot County, Maine, Dexter is a small town with a population of 2,098 people. It is a great place to call home due to its lower cost of living compared to the US average. The median rent for a two-bedroom apartment in Dexter is approximately $1,030 while the US median rent for the same size unit is $1,430. Groceries are also cheaper here; the grocery cost index in Dexter is 103 as opposed to 100 across America.
Dexter boasts several businesses that contribute to its local economy including Woodland Pulp LLC, Dexter Regional High School, and Richland Industries. It has all of the necessary amenities such as quality schools, shopping areas, public parks and libraries so living there can be quite pleasant. For those who enjoy spending time outdoors there are plenty of nearby lakes and rivers including Sebec Lake and Piscataquis River which offer countless opportunities for fishing and boating. All things considered, Dexter is an excellent place to buy or rent property with a low cost of living and many recreational activities available throughout the year.
Dexter has an unemployment rate of 5.3%. The US average is 6.0%.
Dexter has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Dexter
- The Sales Tax Rate for Dexter is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Dexter 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 Dexter
- The average income of a Dexter resident is $33,296 a year. The US average is $37,638 a year.
- The Median household income of a Dexter resident is $43,073 a year. The US average is $69,021 a year.