Wells, ME is a small town in the state of Maine with a population of just under 10,000 people. The town offers an affordable cost of living for renters with a two bedroom rental rate of $1,350 compared to the US average of $1430. Groceries are also cheaper than elsewhere with an index score of 111 versus 100 in the US. In addition to its affordability, Wells is home to several local business including The Beach Plum Lobster Farm and J&J Mobile Home Park as well as many parks and trails that make it great for outdoor enthusiasts. It is also close to other popular attractions such as York Beach and Ogunquit beach making it an ideal place to visit or live.
Wells has an unemployment rate of 7.1%. The US average is 6.0%.
Wells has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for Wells
- The Sales Tax Rate for Wells is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wells 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 Wells
- The average income of a Wells resident is $33,039 a year. The US average is $28,555 a year.
- The Median household income of a Wells resident is $71,090 a year. The US average is $69,021 a year.