Princeton, ME is a small town located in the state of Maine. This area has a population of less than 500 people, and is known for its affordability. The average 2 bedroom rent cost in Princeton is around $870, which is much lower than the average U.S. 2 bedroom rent cost of $1,430. Additionally, the local grocery cost index in Princeton is 102 compared to 100 nationally.
The town has many local businesses such as Hillside Automotive Services, Primal Roots Farm, Blue Goose Bed & Breakfast, and Classic Carburetor Service for visitors and residents alike. These businesses provide quality services and products that help keep this little town thriving.
Princeton has an unemployment rate of 7.8%. The US average is 6.0%.
Princeton has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Princeton
- The Sales Tax Rate for Princeton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Princeton 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 Princeton
- The average income of a Princeton resident is $27,311 a year. The US average is $37,638 a year.
- The Median household income of a Princeton resident is $49,231 a year. The US average is $69,021 a year.