Yarmouth, ME is a charming coastal town located in Cumberland County. The area is well known for its great fishing spots, beautiful views of the Casco Bay and a lively downtown filled with shops, restaurants and local business. Living in Yarmouth is becoming increasingly popular due to its affordable cost of living compared to the US average. The 2 bedroom rent in Yarmouth is $2,040 while it costs around $1,430 throughout the US. Similarly, the grocery cost index in Yarmouth is 114 versus 100 in the US. As such, it remains an attractive option for those who are looking to save money and enjoy all that this seaside town has to offer. Local businesses include the Maine Technology Group which offers IT services and products as well as Anthony's Italian Kitchen which serves Italian cuisine made from locally sourced ingredients. There are many more unique businesses and restaurants waiting to be discovered in Yarmouth!
Yarmouth has an unemployment rate of 4.5%. The US average is 6.0%.
Yarmouth 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 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Yarmouth
- The Sales Tax Rate for Yarmouth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Yarmouth 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 Yarmouth
- The average income of a Yarmouth resident is $53,821 a year. The US average is $37,638 a year.
- The Median household income of a Yarmouth resident is $90,942 a year. The US average is $69,021 a year.