Durham, ME is a small town located in York County with a population of 4,210. It is home to the University of Maine and locals enjoy close proximity to nature and outdoor activities. The cost of living is reasonable with 2 bedroom rent at $1,330 per month compared to the US average of $1,430. Grocery costs are also lower than average with a grocery cost index of 109 versus 100 in the US. Durham is an ideal location for businesses looking for affordable real estate and access to local talent from the university. Major employers include Poland Spring, BioConvergence LLC , and Johnson Outdoors Inc. Additionally there are several smaller local companies that contribute to the economy such as Durham Town Hall and Durham Market & Deli.
Durham has an unemployment rate of 4.3%. The US average is 6.0%.
Durham has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Durham
- The Sales Tax Rate for Durham is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Durham 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 Durham
- The average income of a Durham resident is $31,676 a year. The US average is $28,555 a year.
- The Median household income of a Durham resident is $82,868 a year. The US average is $69,021 a year.