Sagadahoc County is located in the state of Maine and is known for its natural beauty and rural setting. It is home to several small towns and villages, such as Topsham, Bowdoinham, Richmond, Phippsburg and Woolwich. The county has a diverse economy with several major employers including Bath Iron Works (shipbuilding), Briggs & Stratton (small engines) and J.D. Irving (lumber). There are also many small businesses offering services such as law firms, accounting firms, restaurants, retail stores, banks and more. The cost of living in Sagadahoc County is relatively low compared to the US average with an average 2 bedroom rent of $1,240 versus $1,430 nationally and a grocery cost index of 108 versus 100 in the US.
Sagadahoc County has an unemployment rate of 4.3%. The US average is 6.0%.
Sagadahoc County has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Sagadahoc County
- The Sales Tax Rate for Sagadahoc County is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sagadahoc County 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 Sagadahoc County
- The average income of a Sagadahoc County resident is $37,443 a year. The US average is $37,638 a year.
- The Median household income of a Sagadahoc County resident is $73,343 a year. The US average is $69,021 a year.