Portland-South Portland Metro Area, ME Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Maine / Portland-South Portland Metro Area / Counties / Cities / Zip Codes
The Portland-South Portland, ME Metro Area is a great place to live with a wide range of exciting activities to take part in. The average monthly rent of a two bedroom apartment is $1,610 compared to the U.S. average of $1,430, making it an affordable option for many people. Furthermore, the cost of groceries in the area is 111 versus 100 in the US on average giving you more bang for your buck when shopping. With numerous local companies like Maine Medical Center and L.L Bean based within the city limits as well as popular tourist attractions like the Portland Head Light and Old Orchard Beach there are plenty of interesting things to do both inside and outside of work here.

Portland-South Portland Metro Area has an unemployment rate of 4.8%. The US average is 6.0%.

Portland-South Portland Metro Area has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.

Tax Rates for Portland-South Portland Metro Area
- The Sales Tax Rate for Portland-South Portland Metro Area is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Portland-South Portland 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 Portland-South Portland Metro Area
- The average income of a Portland-South Portland Metro Area resident is $32,001 a year. The US average is $28,555 a year.
- The Median household income of a Portland-South Portland Metro Area resident is $77,759 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPortland-South Portland, MaineUnited States
  4.86
  -6.1%-6.2%
  40.3%33.5%
  5.5%6.2%
  6.8%4.6%
  $42,750$37,638
  $77,759$69,021
  $95,979$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  6.8%6.8%
  9.5%10.0%
  2.0%2.5%
  12.2%11.0%
  3.3%4.8%
  0.5%0.8%
  2.1%1.9%
  6.9%4.7%
  1.7%1.9%
  7.8%7.6%
  0.1%0.1%
  3.3%4.2%
  10.1%9.3%
  16.6%14.0%
  1.8%2.1%
  6.7%7.0%
  4.1%4.8%
  3.4%4.7%
Health