Lincoln, ME is a small town located in Penobscot County and is part of the Greater Bangor Region. It is known for its beautiful scenery, charming downtown area, historic attractions, and outdoor recreation opportunities. The cost of living is relatively low compared to other areas of the state with an average two-bedroom rental rate of $980 per month. Local businesses include Lincoln Lumber Company, Jenco Logging & Trucking LLC, Brewer Automotive Supply Inc., M&M Sanitation Services LLC, and Getchell Brothers Construction Inc. All these local businesses contribute to the vibrant economic landscape in Lincoln and help make it an affordable place to live.
Lincoln has an unemployment rate of 5.3%. The US average is 6.0%.
Lincoln 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 Lincoln
- The Sales Tax Rate for Lincoln is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $22,933 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $36,411 a year. The US average is $69,021 a year.