Harmony, ME Economy


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United States / Maine / No Metro Area / Somerset County / Harmony / Zip Codes
Harmony, ME is a small town located in Maine offering a peaceful and comfortable lifestyle for its residents. The cost of living in Harmony is lower than the US average mainly due to the lower costs associated with 2 bedroom rent which is $920 compared to the US's $1,430. Additionally, the grocery cost index in Harmony is 103 versus 100 in the US making it more affordable to purchase groceries here than other parts of the country. Local companies found in Harmony include Ace Hardware, Pat's Pizza and Friendly's convenience store, all of which offer services and products at competitive prices. All in all, Harmony is an attractive place to live with its lower cost of living and local businesses providing quality goods and services at reasonable costs.

Harmony has an unemployment rate of 11.8%. The US average is 6.0%.

Harmony has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Harmony
- The Sales Tax Rate for Harmony is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Harmony 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 Harmony
- The average income of a Harmony resident is $18,741 a year. The US average is $28,555 a year.
- The Median household income of a Harmony resident is $32,259 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHarmony, MaineUnited States
  11.86
  -4.3%-6.2%
  23.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $22,308$37,638
  $32,259$69,021
  $47,847$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  14.5%6.8%
  9.9%10.0%
  0.0%2.5%
  9.4%11.0%
  0.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  2.9%1.9%
  1.3%7.6%
  0.0%0.1%
  23.1%4.2%
  5.2%9.3%
  11.7%14.0%
  0.0%2.1%
  3.9%7.0%
  1.8%4.8%
  12.2%4.7%
Health
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