Montville, ME is a small town located in Waldo County. The cost of living in Montville is substantially lower than the national average, as seen in the 2 bedroom rent which is $1,110 compared to US’s average of $1,430 and Grocery Cost Index of 107 versus 100 in the US. Local companies include Montville Market which offers a wide variety of food and goods for sale; KMC Electric an electrician service with over 25 years of experience; and Igotcha Solutions, a local tech repair shop. These stores serve the needs of locals while providing quality products and services to ensure satisfaction.
Montville has an unemployment rate of 6.4%. The US average is 6.0%.
Montville has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Montville
- The Sales Tax Rate for Montville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Montville 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 Montville
- The average income of a Montville resident is $20,426 a year. The US average is $28,555 a year.
- The Median household income of a Montville resident is $58,073 a year. The US average is $69,021 a year.