Waldo County, ME Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Maine / No Metro Area / Waldo County / Cities / Zip Codes
Waldo County, ME is a great place to call home. Its rural setting provides respite from the hustle and bustle of a busy city, while still being close enough to access modern amenities. The cost of living in Waldo County is quite affordable. 2 bedroom rent averages $1,140 per month - lower than the national average of $1,430 per month. Grocery costs are also significantly lower indexing at 107 versus 100 in the US. Local businesses in Waldo County include the Seacoast Motel & Bar Harbor Inn, Northern Lights Blueberry Company and Circle K Farms Inc. All provide excellent services or products and help to make Waldo County an attractive place to live.

Waldo County has an unemployment rate of 5.5%. The US average is 6.0%.

Waldo County 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 34.9%, which is higher than the US average of 33.5%.

Tax Rates for Waldo County
- The Sales Tax Rate for Waldo County is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waldo 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 Waldo County
- The average income of a Waldo County resident is $32,966 a year. The US average is $37,638 a year.
- The Median household income of a Waldo County resident is $59,880 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaldo, MaineUnited States
  5.56
  -6.0%-6.2%
  34.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $32,966$37,638
  $59,880$69,021
  $70,944$85,028
  Population by Occupation
  3.9%1.2%
  0.1%0.5%
  7.9%6.8%
  8.9%10.0%
  1.9%2.5%
  10.9%11.0%
  3.1%4.8%
  0.3%0.8%
  1.7%1.9%
  6.1%4.7%
  1.1%1.9%
  6.7%7.6%
  0.1%0.1%
  4.5%4.2%
  10.6%9.3%
  16.1%14.0%
  0.9%2.1%
  4.8%7.0%
  5.3%4.8%
  4.9%4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.