Vinalhaven, ME is a small yet vibrant community located on an island off the coast of Maine. Its main sources of income are fishing and lobster traps, as well as tourism. The cost of living in Vinalhaven is slightly lower than that in the US; for example, a two bedroom rent is $1,080 compared to $1,430 nationally. In addition, grocery costs are also lower in Vinalhaven with an index of 111 versus 100 in the US. Local companies include Beal & Bunker Marine Railways for boat building and repairs, Island Green for landscaping services, and Doty's restaurant offering seafood dishes. With its unique lifestyle and lower cost of living compared to other parts of the country, Vinalhaven is a great place to call home!
Vinalhaven has an unemployment rate of 3.7%. The US average is 6.0%.
Vinalhaven has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Vinalhaven
- The Sales Tax Rate for Vinalhaven is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Vinalhaven 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 Vinalhaven
- The average income of a Vinalhaven resident is $30,878 a year. The US average is $28,555 a year.
- The Median household income of a Vinalhaven resident is $76,979 a year. The US average is $69,021 a year.