Milo, ME is a small town with around 2,200 residents. The cost of living in Milo is lower than the national average, making it an attractive option for budget-conscious families. 2 bedroom rent in Milo is $790 compared to the US average of $1,430. Additionally, the grocery cost index in Milo is 103 versus the US average of 100.
Local companies and services include: Milo's Florists which offers flower arrangements for all occasions; O'Reilly's Auto Parts which specializes in automotive parts and supplies; AT&T Wireless which provides cellular network coverage; and Big River Outfitters which offers canoeing and kayaking trips on the Penobscot River.
Milo has an unemployment rate of 5.9%. The US average is 6.0%.
Milo has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Milo
- The Sales Tax Rate for Milo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milo 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 Milo
- The average income of a Milo resident is $22,762 a year. The US average is $37,638 a year.
- The Median household income of a Milo resident is $51,273 a year. The US average is $69,021 a year.