Canton, ME is a small town located in Oxford County with a population around 2000 people. This small town has become increasingly popular for its affordability and quality of life. The 2 bedroom rent in Canton is $990 which is significantly lower than the US average of $1,430. Furthermore, the grocery cost index in Canton is 105 compared to 100 in the US. This indicates that groceries are slightly more expensive here than elsewhere but still much lower than other places.
In addition to its affordability, Canton is home to many local businesses such as Gorham industrial machines, Sweet Seasons Farm Market & Deli and Hometown Auto Parts Incorporated among others. All these businesses offer employment opportunities and contribute significantly to the economic growth of this small town.
Overall, Canton offers a very affordable cost of living when compared to the US average and presents great job opportunities for those looking for a place where they can save money while enjoying their quality of life.
Canton has an unemployment rate of 7.1%. The US average is 6.0%.
Canton has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $20,912 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $48,750 a year. The US average is $69,021 a year.