Oakfield, ME is a small town located in Aroostook County. The cost of living in this town is significantly lower than the US average, making it an attractive option for those on a budget. The rent for a two-bedroom apartment is only $760 compared to $1,430 nationally. Additionally, the Grocery Cost Index is 103 versus 100 across the US. In Oakfield, ME you can find stores such as Tony’s Market and J&J Foods as well as restaurants like Pizza Palace and Siros Diner. For higher education there are options available through Northern Maine Community College or the University of Maine at Presque Isle which may be commutable from Oakfield depending on your location.
Oakfield has an unemployment rate of 10.1%. The US average is 6.0%.
Oakfield has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Oakfield
- The Sales Tax Rate for Oakfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Oakfield 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 Oakfield
- The average income of a Oakfield resident is $18,368 a year. The US average is $28,555 a year.
- The Median household income of a Oakfield resident is $42,000 a year. The US average is $69,021 a year.