\nWaldo, ME is a small town located in Waldo County. It offers a peaceful atmosphere with plenty of outdoor activities. Some local companies include Waldo General Store, J & J Auto Repair, and Midcoast Marine Services. The cost of living in Waldo is below that of the US. Rent for a two bedroom apartment is $1,140 compared to $1,430 nationally. Groceries are also cheaper with the grocery cost index set at 108 versus 100 in the US. This makes Waldo an attractive place to live for those looking for a serene environment at an affordable price.
Waldo has an unemployment rate of 5.2%. The US average is 6.0%.
Waldo 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Waldo
- The Sales Tax Rate for Waldo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waldo 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 Waldo
- The average income of a Waldo resident is $29,875 a year. The US average is $37,638 a year.
- The Median household income of a Waldo resident is $72,813 a year. The US average is $69,021 a year.