Harpswell, ME Economy


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Harpswell, ME is a small town located in the southernmost region of Maine. It is known for its beautiful beaches and rich cultural heritage. The cost of living in Harpswell is quite high compared to other parts of the country. For example, two bedroom rent in Harpswell is $1,460 while it is only $1,430 in the US. Moreover, the grocery cost index in Harpswell is 115 compared to 100 nationally.
Harpswell also offers a number of economic opportunities including fishing and seafood processing industries as well as retail stores such as Mabel's Lobster Claw and Harpswell Market. There are also plenty of recreational activities available such as hiking, biking trails, kayaking, canoeing and camping. All these features make Harpswell an attractive place to live for people looking for an affordable yet comfortable lifestyle.

Harpswell has an unemployment rate of 4.1%. The US average is 6.0%.

Harpswell has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.

Tax Rates for Harpswell
- The Sales Tax Rate for Harpswell is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Harpswell 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 Harpswell
- The average income of a Harpswell resident is $40,772 a year. The US average is $28,555 a year.
- The Median household income of a Harpswell resident is $81,563 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHarpswell, MaineUnited States
  4.16
  -4.4%-6.2%
  40.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $61,504$37,638
  $81,563$69,021
  $110,560$85,028
  Population by Occupation
  6.5%1.2%
  0.0%0.5%
  10.3%6.8%
  10.2%10.0%
  1.3%2.5%
  11.3%11.0%
  1.7%4.8%
  0.7%0.8%
  3.3%1.9%
  4.5%4.7%
  2.8%1.9%
  6.9%7.6%
  0.0%0.1%
  4.2%4.2%
  4.0%9.3%
  22.4%14.0%
  1.4%2.1%
  3.4%7.0%
  3.7%4.8%
  1.3%4.7%
Reviews for Harpswell
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Over 11 years ago

Absolutely beautiful seaside community with people who really care about each other. Very  More

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