Bangor Metro Area, ME Economy


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United States / Maine / Bangor Metro Area / Counties / Cities / Zip Codes
Bangor, ME Metro Area is an attractive place to live in due to its affordable rental and grocery costs. The 2 Bedroom Rent in Bangor, ME Metro Area is $1,020 compared to the US average which is $1,430. Similarly, the Grocery Cost Index in Bangor, ME Metro Area is 104 versus 100 in the US. This makes it more economical for people living here. \nThe area has many companies and institutions that make it a great place for residents including Eastern Maine Medical Center, Manna Ministries Inc., University of Maine at Orono, Emera Maine and Bangor Savings Bank. These companies and institutions offer employment and educational opportunities to locals. Additionally the area provides recreational activities such as skiing at Hermon Mountain Ski Area or snowmobiling through Dead River Trails Snowmobile Club. All these aspects combined make Bangor, ME Metro Area a great place to live or visit.

Bangor Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.

Bangor Metro Area has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Bangor Metro Area
- The Sales Tax Rate for Bangor Metro Area is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bangor 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 Bangor Metro Area
- The average income of a Bangor Metro Area resident is $31,318 a year. The US average is $37,638 a year.
- The Median household income of a Bangor Metro Area resident is $55,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBangor, MaineUnited States
  4.96
  -5.3%-6.2%
  27.8%33.5%
  5.5%6.2%
  6.8%4.6%
  $31,318$37,638
  $55,125$69,021
  $73,570$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  7.7%6.8%
  4.5%10.0%
  2.0%2.5%
  13.7%11.0%
  3.7%4.8%
  1.1%0.8%
  1.2%1.9%
  2.9%4.7%
  1.3%1.9%
  3.5%7.6%
  0.1%0.1%
  3.0%4.2%
  13.7%9.3%
  21.4%14.0%
  1.5%2.1%
  6.8%7.0%
  5.4%4.8%
  5.0%4.7%
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