Waldoboro, ME is an ideal place to live for many reasons. The cost of living is much lower than the US average with 2 bedroom rent in the area costing only $1,140 compared to the US average of $1,430. Grocery costs are also significantly lower with a grocery cost index of 105 versus 100 in the US. Local businesses such as Waldoboro Family Market, Waldo County General Hospital, and E&E Automotive Group provide employment opportunities to local residents. Furthermore, Waldoboro offers a peaceful environment with plenty of outdoor activities such as hiking and fishing making it a great place for families looking to escape from the hustle and bustle of city life. With its low cost of living and abundance of amenities, Waldoboro makes for an ideal place to live.
Waldoboro has an unemployment rate of 5.7%. The US average is 6.0%.
Waldoboro has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Waldoboro
- The Sales Tax Rate for Waldoboro is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waldoboro 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 Waldoboro
- The average income of a Waldoboro resident is $20,077 a year. The US average is $28,555 a year.
- The Median household income of a Waldoboro resident is $44,182 a year. The US average is $69,021 a year.