Farmingdale, ME is a great place to live. It is known for its affordable rent, with the average 2 Bedroom going for only $960 compared to the US average of $1,430. It also has a very affordable Grocery Cost Index of 105 compared to the US rate of 100. The town itself offers plenty of activities and local attractions such as the historic Farmingdale Common park, shopping centers like Southgate Plaza, or restaurants such as Gordon's Chinese restaurant. There are also many local businesses like Elegant Decorations and Gifts, Mainely Pickles & Jellies, Hines Office Supplies & Furniture, and Fiddlehead Farms which all offer unique goods and services to the community.
Farmingdale has an unemployment rate of 4.7%. The US average is 6.0%.
Farmingdale has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Farmingdale
- The Sales Tax Rate for Farmingdale is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Farmingdale 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 Farmingdale
- The average income of a Farmingdale resident is $21,517 a year. The US average is $28,555 a year.
- The Median household income of a Farmingdale resident is $59,519 a year. The US average is $69,021 a year.