Millinocket, ME is an attractive destination for those looking for a cost-effective lifestyle. The two bedroom rent is approximately $880 which is significantly less than the national average of $1,430. Additionally, grocery costs are about 1% lower in Millinocket than the US average. There are several local companies to consider when planning to move to Millinocket such as SmartLam, Millinocket Machine, and Stearns Electric. SmartLam provides advanced engineered wood products while Millinocket Machine offers industrial machining services. Finally, Stearns Electric specializes in quality electrical products and services. All of these businesses offer a great opportunity for those interested in living in Millinocket.
Millinocket has an unemployment rate of 5.3%. The US average is 6.0%.
Millinocket 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 Millinocket
- The Sales Tax Rate for Millinocket is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Millinocket 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 Millinocket
- The average income of a Millinocket resident is $19,247 a year. The US average is $28,555 a year.
- The Median household income of a Millinocket resident is $40,755 a year. The US average is $69,021 a year.