Swans Island, ME is a small island located off the coast of Maine. It offers a unique way of life with beautiful seascapes, fishing villages and eco-tourism opportunities for visitors. The cost of living in Swans Island is lower than the US average as evidenced by its 2 bedroom rent being $1,020 compared to the US average of $1,430 and the Grocery Cost Index being 110 versus 100 in the US. Local companies and organizations include Sheepscot Oyster Co., which is a 5th generation family owned shellfish farm; Puffin Tours, which takes visitors on boat tours around the coastal areas; and Friends of Swan's Island, which is a non-profit organization dedicated to preserving local wildlife and culture.
Swans Island has an unemployment rate of 9.6%. The US average is 6.0%.
Swans Island has seen the job market decrease by -7.8% 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 Swans Island
- The Sales Tax Rate for Swans Island is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Swans Island 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 Swans Island
- The average income of a Swans Island resident is $42,561 a year. The US average is $37,638 a year.
- The Median household income of a Swans Island resident is $73,906 a year. The US average is $69,021 a year.