Van Buren, ME is a small town located in Aroostook County, Maine. It is situated near the Canadian border and is known for its vast farmlands, lakes, and rivers. It has a population of about 2,000 people. The median 2 bedroom rent in Van Buren is $770 compared to the US average of $1,430, which reflects the small-town living lifestyle. The grocery cost index in Van Buren is 102 versus 100 in the US on average. Local companies include Mainely Trusses Inc., Cote's Concrete Construction Inc., and Jean-Guy Cormier Excavation inc., which provide services such as truss design and installation, concrete construction, and excavation work. Along with these companies Van Buren also has many small businesses including shops and restaurants that contribute to the local economy.
Van Buren has an unemployment rate of 5.9%. The US average is 6.0%.
Van Buren has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Van Buren
- The Sales Tax Rate for Van Buren is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Van Buren 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 Van Buren
- The average income of a Van Buren resident is $23,361 a year. The US average is $37,638 a year.
- The Median household income of a Van Buren resident is $31,314 a year. The US average is $69,021 a year.