Litchfield, ME is a small town located near the coast of Maine. It has a population of about 1,100 people and is known for its picturesque views and relaxed lifestyle. The average rent for a two-bedroom apartment in Litchfield is $950, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Litchfield is 106 versus 100 in the United States, meaning that groceries are slightly more expensive than normal.
The town of Litchfield offers plenty of amenities and services to its residents. Some local companies that operate within the town are Litchfield Home Center & Hardware, Walker's Auto Body, and Highland Farm Greenhouses. These establishments provide quality goods and services to locals while also helping bolster the economy in this small community.
Litchfield has an unemployment rate of 5.1%. The US average is 6.0%.
Litchfield has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Litchfield
- The Sales Tax Rate for Litchfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Litchfield 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 Litchfield
- The average income of a Litchfield resident is $35,354 a year. The US average is $37,638 a year.
- The Median household income of a Litchfield resident is $71,691 a year. The US average is $69,021 a year.