Otis, ME is a small town located in Lincoln County with a population of just over 1,400 people. It is known for its tranquil beauty and the affordability of living there. The average rent for a two-bedroom home is $1,040 compared to the US average rent of $1,430. Another great money saver in Otis is their grocery cost index which stands at 106 compared to the US national average of 100. One can take advantage of these savings while enjoying many of the attractions that Otis has to offer such as hiking trails, fishing lakes and rivers and camping sites. The town also offers many cultural activities such as art galleries, museums and historic sites. There are plenty of local businesses in Otis including convenience stores, restaurants and cafes, gas stations and automotive repair shops. Otis is also home to several churches which have been an important part of the community for many years.
Otis has an unemployment rate of 7.4%. The US average is 6.0%.
Otis has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Otis
- The Sales Tax Rate for Otis is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Otis 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 Otis
- The average income of a Otis resident is $42,352 a year. The US average is $37,638 a year.
- The Median household income of a Otis resident is $89,766 a year. The US average is $69,021 a year.