Ripley, Maine is a small town located in the north of Maine with a population of approximately 1,000 people. It's known for its quaint old-fashioned charm and rural beauty. The cost of living in Ripley is relatively low compared to other parts of the state - two bedroom rental prices are around $1,030 per month compared to $1,430 nationally. Grocery costs are also significantly lower than most places with an index of 103 versus 100 nationally.
The town has a vibrant economy with many local businesses such as the Ripley Mill Store, which sells locally made products like crafts and antiques; Sparhawk Harbor Market for fresh seafood; Magpie Bakery for pastries and cakes; as well as some restaurants like The Butter Boat Café and Blue Crab Café. All these businesses attract both locals and tourists alike.
Ripley has an unemployment rate of 7.1%. The US average is 6.0%.
Ripley 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 Ripley
- The Sales Tax Rate for Ripley is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ripley 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 Ripley
- The average income of a Ripley resident is $20,364 a year. The US average is $28,555 a year.
- The Median household income of a Ripley resident is $48,750 a year. The US average is $69,021 a year.