Steep Falls, ME is a small town located in Cumberland County. It is known for its beautiful scenery and outdoor activities such as skiing, snowshoeing, hiking, fishing, and more. The town has a population of about 4,400 people and is home to several local businesses such as Steep Valley Realty, Carhartt's Diner & Bakery, Boathouse Boats & Fishing Store, and Mainely Mountain Sports. With an average rent of $1,700 for two bedrooms and a Grocery Cost Index of 108 versus the US average of 100 people can expect to pay more for groceries than they are used to from other areas.
Steep Falls has an unemployment rate of 4.5%. The US average is 6.0%.
Steep Falls has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Steep Falls
- The Sales Tax Rate for Steep Falls is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Steep Falls 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 Steep Falls
- The average income of a Steep Falls resident is $24,595 a year. The US average is $37,638 a year.
- The Median household income of a Steep Falls resident is $68,876 a year. The US average is $69,021 a year.