Somerville, ME is a small town located in the state of Maine. Despite its size, Somerville offers plenty of job opportunities for its residents. Local businesses such as the Waverly Inn, the Paper Mill Store, and the J&M Bakery provide employment for those living in the area. The cost of living in Somerville is slightly lower than the national average, with 2 bedroom rent being $1,170 compared to $1,430 across America. Additionally, grocery costs are 8% higher than the US national average index of 100. As such, those looking to relocate should give special consideration to Somerville when considering their next home.
Somerville has an unemployment rate of 5.3%. The US average is 6.0%.
Somerville has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Somerville
- The Sales Tax Rate for Somerville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Somerville 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 Somerville
- The average income of a Somerville resident is $21,750 a year. The US average is $28,555 a year.
- The Median household income of a Somerville resident is $57,386 a year. The US average is $69,021 a year.