Waterville, ME is a vibrant city that offers its residents a range of activities and amenities to enjoy. Local companies in Waterville include Colby College, MaineGeneral Medical Center, and Kennebec Valley Community College. Residents of Waterville benefit from an affordable cost of living compared to the rest of the United States; rent for a two bedroom apartment is $960 in Waterville, ME as opposed to $1,430 elsewhere in the US; grocery costs are also lower with a grocery cost index of 105 versus 100 in the US. These factors make Waterville an attractive option for many people looking for a great quality of life at an affordable price.
Waterville has an unemployment rate of 5.2%. The US average is 6.0%.
Waterville 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 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Waterville
- The Sales Tax Rate for Waterville is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waterville 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 Waterville
- The average income of a Waterville resident is $21,870 a year. The US average is $28,555 a year.
- The Median household income of a Waterville resident is $41,245 a year. The US average is $69,021 a year.