Mechanic Falls, ME is a small town with a population of 1,556 people. Despite its small size, the town offers a variety of opportunities for employment. The cost of living in Mechanic Falls is relatively affordable compared to the US average. For example, rent for a two-bedroom apartment costs $1,380 per month which is significantly lower than the US average of $1,430. Groceries also tend to be cheaper in Mechanic Falls with their grocery cost index coming in at 105 versus the US average of 100. Local companies include Bigelow Automotive & Machine shop, Lakeside Electric Co., and Gendron Lumber Co. All in all, Mechanic Falls offers residents an ideal combination of affordability and quality job opportunities.
Mechanic Falls has an unemployment rate of 5.3%. The US average is 6.0%.
Mechanic Falls 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 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Mechanic Falls
- The Sales Tax Rate for Mechanic Falls is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Mechanic Falls 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 Mechanic Falls
- The average income of a Mechanic Falls resident is $24,972 a year. The US average is $37,638 a year.
- The Median household income of a Mechanic Falls resident is $62,429 a year. The US average is $69,021 a year.