Rockport, ME is a small town located on the Atlantic Coast. It is home to many local businesses such as Prospect Harbor Lobster Co, Our Town Cinemas, and Penobscot Bay Pottery. It also boasts a cost of living that is lower than the US average, as evidenced by its two-bedroom rent which is $90 less than the national average and its Grocery Cost Index which is 10 points higher than the US. This indicates that Rockport's economy has proven resilient even in tough economic times.
Rockport has an unemployment rate of 5.8%. The US average is 6.0%.
Rockport has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Rockport
- The Sales Tax Rate for Rockport is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Rockport 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 Rockport
- The average income of a Rockport resident is $32,253 a year. The US average is $28,555 a year.
- The Median household income of a Rockport resident is $83,542 a year. The US average is $69,021 a year.