Augusta-Waterville Metro Area, ME Economy


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United States / Maine / Augusta-Waterville Metro Area / Counties / Cities / Zip Codes
Augusta-Waterville, ME Metro Area has a lot to offer the residents in terms of cost of living. Rent for two bedroom apartments is much lower than the US average at $970 per month. Grocery Cost Index is also lower than the national average at 105 versus 100 in the US. This makes it an attractive option for those looking to save money. There are many local businesses in the area, such as Central Maine Medical Center, University of Maine at Augusta, and Maine General Health. These companies provide great job opportunities for people looking to move to this area. Overall, Augusta-Waterville offers a great balance between affordability and quality of life for its residents.

Augusta-Waterville Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.

Augusta-Waterville Metro Area has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.

Tax Rates for Augusta-Waterville Metro Area
- The Sales Tax Rate for Augusta-Waterville Metro Area is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Augusta-Waterville Metro Area 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 Augusta-Waterville Metro Area
- The average income of a Augusta-Waterville Metro Area resident is $32,854 a year. The US average is $37,638 a year.
- The Median household income of a Augusta-Waterville Metro Area resident is $58,097 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAugusta-Waterville, MaineUnited States
  4.66
  -3.5%-6.2%
  30.8%33.5%
  5.5%6.2%
  6.8%4.6%
  $32,854$37,638
  $58,097$69,021
  $77,008$85,028
  Population by Occupation
  2.1%1.2%
  0.0%0.5%
  8.1%6.8%
  6.9%10.0%
  2.3%2.5%
  14.4%11.0%
  2.2%4.8%
  1.4%0.8%
  1.4%1.9%
  3.8%4.7%
  1.0%1.9%
  5.2%7.6%
  0.0%0.1%
  3.0%4.2%
  12.5%9.3%
  17.1%14.0%
  1.1%2.1%
  5.7%7.0%
  4.5%4.8%
  7.3%4.7%
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