Hersey, ME is a small town located in Penobscot County. It has a population of just over 2,000 people and offers a rural lifestyle for its residents. The cost of living in Hersey is quite affordable with two bedroom apartments renting for $850 compared to the US average of $1,430. Even groceries are relatively inexpensive here with the Grocery Cost Index being 104 compared to 100 in the US overall.
Hersey also has many local businesses that contribute to its economy. Notable companies include Wolfe's Neck Farm, Fisher Engineering, Bangor Publishing Company, and Sleepyhollow Logging Inc. All these businesses help support the community by providing jobs and services for area citizens.
Hersey has an unemployment rate of 25.0%. The US average is 6.0%.
Hersey has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Hersey
- The Sales Tax Rate for Hersey is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hersey 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 Hersey
- The average income of a Hersey resident is $14,302 a year. The US average is $28,555 a year.
- The Median household income of a Hersey resident is $77,083 a year. The US average is $69,021 a year.