Moose River, ME Economy


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United States / Maine / No Metro Area / Somerset County / Moose River / Zip Codes
Moose River, ME is a small town located in the state of Maine. It is known as a quiet and peaceful place to live due to its low population and serene surroundings. The cost of living is relatively low in Moose River; the average two bedroom rent is $940 which is significantly less than the US average of $1,430. Additionally, the grocery cost index in Moose River is 105 versus 100 in the US, meaning groceries are slightly more expensive than other parts of the country. In terms of local businesses, there are several restaurants such as Black Bear Café and Bull Hill Grill that serve delicious meals made with locally sourced ingredients. There also many small shops such as The Quilt Shop, which offers handmade quilts and accessories, as well as outdoor stores like North Woods Outfitters for people looking to explore nature in this beautiful area. All in all, Moose River provides a unique atmosphere and comfortable cost of living for those looking for a tranquil place to settle down.

Moose River has an unemployment rate of 5.6%. The US average is 6.0%.

Moose River has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Moose River
- The Sales Tax Rate for Moose River is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Moose River 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 Moose River
- The average income of a Moose River resident is $25,714 a year. The US average is $28,555 a year.
- The Median household income of a Moose River resident is $54,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMoose River, MaineUnited States
  5.66
  -4.7%-6.2%
  23.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $26,501$37,638
  $54,750$69,021
  $71,750$85,028
  Population by Occupation
  17.6%1.2%
  0.0%0.5%
  2.9%6.8%
  12.7%10.0%
  0.0%2.5%
  11.8%11.0%
  5.9%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  2.9%7.6%
  0.0%0.1%
  0.0%4.2%
  12.7%9.3%
  11.8%14.0%
  2.9%2.1%
  2.9%7.0%
  2.0%4.8%
  13.7%4.7%
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