Sedgwick, ME Economy


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United States / Maine / No Metro Area / Hancock County / Sedgwick / Zip Codes
Sedgwick, ME is a town located in Hancock County with a population of 1,326. It's known for its quaint downtown area which is full of local businesses and attractions. Famed activities such as rock-climbing, kayaking and camping are all within reach in this tranquil town. Additionally, Sedgwick boasts affordable rent prices with 2 bedroom apartments averaging $1,060 compared to the national average of $1,430. Groceries also cost less here with the grocery cost index at 109 versus 100 in the US. The town has shopping centers like Sedgwick Village Store, hardware stores like Boyd's Home & Garden Center and restaurants like The Sea Swirl Cafe that give visitors an authentic Maine experience. Sedgwick offers something for everyone with its diverse selection of activities and attractions.

Sedgwick has an unemployment rate of 3.7%. The US average is 6.0%.

Sedgwick has seen the job market decrease by -8.0% 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 Sedgwick
- The Sales Tax Rate for Sedgwick is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sedgwick 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 Sedgwick
- The average income of a Sedgwick resident is $35,263 a year. The US average is $37,638 a year.
- The Median household income of a Sedgwick resident is $64,803 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySedgwick, MaineUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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