Milbridge, ME is a small town located in Maine. It is situated close to the coast and offers breathtaking views and plenty of outdoor activities for its residents. The rent for two bedroom apartments in Milbridge, ME is significantly lower than the US average at $900 per month. Additionally, grocery costs are slightly higher than the national average with an index of 105 compared to 100 in the US. \nThe economy of Milbridge, ME relies heavily on fishing and marine-related businesses such as Downeast Fisheries Inc., Milbridge Lobster Co., and Loose Lobster LLC. Additionally, there are a few local stores such as Laughing Loon General Store and Milbridge Trading Company that provide everyday goods to its citizens.
Milbridge has an unemployment rate of 17.8%. The US average is 6.0%.
Milbridge 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 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Milbridge
- The Sales Tax Rate for Milbridge is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milbridge 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 Milbridge
- The average income of a Milbridge resident is $26,870 a year. The US average is $37,638 a year.
- The Median household income of a Milbridge resident is $44,545 a year. The US average is $69,021 a year.