Hermon, ME is a small town located in Penobscot County. It is home to approximately 5,000 residents and offers many local businesses for its citizens. Local companies include Hermon Grocery Store, Bangor Social Club, and Loring Associates LLC. The cost of living in Hermon, ME is also lower than in other parts of the United States. For example, the average 2 bedroom rent is $1,220 in Hermon while it's $1,430 nationally. Similarly, grocery costs are 105 on an index versus 100 nationally. This shows that Hermon has a lower cost of living than much of the United States as a whole.
Hermon has an unemployment rate of 4.0%. The US average is 6.0%.
Hermon has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Hermon
- The Sales Tax Rate for Hermon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hermon 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 Hermon
- The average income of a Hermon resident is $27,054 a year. The US average is $28,555 a year.
- The Median household income of a Hermon resident is $82,962 a year. The US average is $69,021 a year.