Wade, ME Economy


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United States / Maine / No Metro Area / Aroostook County / Wade / Zip Codes
Wade, ME is a small, rural town located in the state of Maine. It is an ideal destination for those who are looking to live away from the hustle and bustle of larger cities. The rent for a two-bedroom apartment is quite affordable at $840, compared to the national average of $1,430. The Grocery Cost Index in Wade is also quite good at 104 versus 100 in the US. \nThe town boasts several local businesses that residents can enjoy year-round. For instance, Wade Country Store offers groceries and household items, while Bradley's Automotive Repair provides auto repair services. There are also plenty of recreational options including hiking trails, playgrounds and sports courts. Additionally, the town has several community resources like school systems, libraries and medical centers that residents can access for their health and educational needs.

Wade has an unemployment rate of 7.7%. The US average is 6.0%.

Wade has seen the job market decrease by -0.5% 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 Wade
- The Sales Tax Rate for Wade is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wade 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 Wade
- The average income of a Wade resident is $18,737 a year. The US average is $28,555 a year.
- The Median household income of a Wade resident is $54,028 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWade, MaineUnited States
  7.76
  -5.3%-6.2%
  24.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $26,008$37,638
  $54,028$69,021
  $66,875$85,028
  Population by Occupation
  9.1%1.2%
  0.0%0.5%
  4.1%6.8%
  18.2%10.0%
  1.7%2.5%
  8.3%11.0%
  3.3%4.8%
  0.0%0.8%
  0.0%1.9%
  1.7%4.7%
  0.0%1.9%
  4.1%7.6%
  0.0%0.1%
  3.3%4.2%
  0.8%9.3%
  24.0%14.0%
  9.1%2.1%
  0.0%7.0%
  11.6%4.8%
  0.8%4.7%
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