Greenwood, ME is a small town located in the Eastern part of the state. The rent for two bedroom apartments is $950, which is quite a bit cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Greenwood has been 106 against 100 in the US, indicating that groceries are slightly more expensive on average. \nThe town has plenty to offer its residents. There are several local businesses such as the Greenwood Country Store and Anderson's Hardware, both of which have been around for generations. The town also offers numerous outdoor activities including camping and hiking at nearby Lake St. George State Park and snowmobiling along some of the trails near town. In addition, there are several restaurants and stores that provide locals with all their basic needs.
Greenwood has an unemployment rate of 4.9%. The US average is 6.0%.
Greenwood 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 Greenwood
- The Sales Tax Rate for Greenwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Greenwood 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 Greenwood
- The average income of a Greenwood resident is $26,206 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $49,821 a year. The US average is $69,021 a year.