Levant, ME is a small town located in Penobscot County. It is home to many local businesses such as Penobscot Valley Construction, Northwoods Printing & Design, and K-V Auto Supply. The cost of living in Levant is lower than the national average with two bedroom rents at $1,220 compared to the US rent of $1,430. Grocery costs are also lower with an index of 106 compared to 100 for the US. This makes Levant an ideal place for people looking for more affordable living expenses.
Levant has an unemployment rate of 5.5%. The US average is 6.0%.
Levant has seen the job market decrease by -5.2% 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 Levant
- The Sales Tax Rate for Levant is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Levant 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 Levant
- The average income of a Levant resident is $32,307 a year. The US average is $37,638 a year.
- The Median household income of a Levant resident is $63,500 a year. The US average is $69,021 a year.