Fryeburg, ME is a small town located in Oxford county. It is a great place to live as it offers its residents a peaceful and cozy atmosphere with plenty of local businesses to shop at. The cost of living in Fryeburg, ME is more affordable than the average US cost. For example, the rent for a two-bedroom apartment averages around $970 per month compared to the US national average of over $1,430 per month. Additionally, grocery items are relatively inexpensive as the Grocery Cost Index in Fryeburg is 106 versus 100 for the US.
Fryeburg has numerous businesses that locals can frequent such as The Village Store that provides quality products at reasonable prices and The Fryeburg Movie Theater which shows all of the latest films. There are also various restaurants throughout town such as O’Stove Pizza that serves delicious Italian cuisine and Captain Fairfield Inn which specializes in seafood dishes. All in all, Fryeburg is an ideal place to live due to its affordability and friendly community atmosphere.
Fryeburg has an unemployment rate of 6.6%. The US average is 6.0%.
Fryeburg 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 Fryeburg
- The Sales Tax Rate for Fryeburg is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fryeburg 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 Fryeburg
- The average income of a Fryeburg resident is $22,800 a year. The US average is $28,555 a year.
- The Median household income of a Fryeburg resident is $57,440 a year. The US average is $69,021 a year.