Old Orchard Beach, ME is a popular seaside destination located in Southern Maine. It offers visitors stunning beaches, a busy downtown area with many restaurants and shops, and plenty of recreational activities. The average 2 Bedroom rent price in Old Orchard Beach is $1,510 which is slightly higher than the national rate of $1,430. Similarly, groceries are more expensive in Old Orchard Beach with a Grocery Cost Index of 110 versus the US average of 100. Local companies include the popular David's Kiteboarding School which offers kiteboarding lessons for all skill levels as well as gear rentals; The Nautical Mile Brewing Company which specializes in craft beers; and Lobster Shack at Two Lights which serves up delicious seafood dishes with panoramic ocean views.
Old Orchard Beach has an unemployment rate of 5.8%. The US average is 6.0%.
Old Orchard Beach has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Old Orchard Beach
- The Sales Tax Rate for Old Orchard Beach is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Old Orchard Beach 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 Old Orchard Beach
- The average income of a Old Orchard Beach resident is $45,572 a year. The US average is $37,638 a year.
- The Median household income of a Old Orchard Beach resident is $55,766 a year. The US average is $69,021 a year.