Lake Arrowhead, ME is a great place to live. It has a close-knit community and plenty of amenities. With 2 bedroom rent being slightly higher than the US average at $1,500, it's still an affordable place to live. The grocery cost index in this area is 7% higher than the US average which means you can get your groceries for a little more here. Lake Arrowhead has many local businesses that offer excellent services such as restaurants, convenience stores, boutiques and banks. There are also plenty of recreational activities available such as fishing, boating and camping in the nearby lake or visiting one of the nearby parks or playgrounds. Overall, Lake Arrowhead is an excellent place to call home and offers plenty of amenities to keep residents occupied and engaged with their community.
Lake Arrowhead has an unemployment rate of 5.8%. The US average is 6.0%.
Lake Arrowhead has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Lake Arrowhead
- The Sales Tax Rate for Lake Arrowhead is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Arrowhead 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 Lake Arrowhead
- The average income of a Lake Arrowhead resident is $23,608 a year. The US average is $28,555 a year.
- The Median household income of a Lake Arrowhead resident is $78,929 a year. The US average is $69,021 a year.