Wiscasset, ME is a small town located in Lincoln County. It’s known for its historic homes, scenic views, and quaint businesses. Wiscasset has a variety of local companies that contribute to the low-cost of living in this area compared to other towns in the same region. These businesses include a local grocery store, hardware store, automotive repair shop, and clothing boutique. The average two bedroom rent in Wiscasset is $1,150 compared to $1,430 nationally which makes it much more affordable to live here than many other places. The Grocery Cost Index in Wiscasset is 106 versus 100 nationally meaning groceries are only slightly more expensive on average. This contributes to keeping costs down for residents when shopping for food items and supplies.
Wiscasset has an unemployment rate of 5.7%. The US average is 6.0%.
Wiscasset 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 Wiscasset
- The Sales Tax Rate for Wiscasset is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wiscasset 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 Wiscasset
- The average income of a Wiscasset resident is $27,786 a year. The US average is $28,555 a year.
- The Median household income of a Wiscasset resident is $59,569 a year. The US average is $69,021 a year.