Hope, ME is an idyllic town situated on the coast of Maine. It is known for its picturesque landscape and peaceful atmosphere. Despite its small size, Hope offers residents many amenities at affordable prices. 2 bedroom rent in Hope is just $1,130 per month, compared to the US average of $1,430. Grocery cost index in Hope is 107 versus 100 in the US. The cost of living in Hope allows newcomers to enjoy a range of activities within the area, including participating in outdoor activities at local state parks or exploring downtown shops and restaurants. Some popular local companies include Whitecap Boatbuilding Company, Spike's Marine Service & Sales Inc., and Davis Oil Company.
Hope has an unemployment rate of 4.6%. The US average is 6.0%.
Hope has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Hope
- The Sales Tax Rate for Hope is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hope 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 Hope
- The average income of a Hope resident is $39,939 a year. The US average is $37,638 a year.
- The Median household income of a Hope resident is $74,288 a year. The US average is $69,021 a year.