Augusta, ME (04330) is an appealing city for those looking to move out of a big city. The two bedroom rent in Augusta stands at $1,140 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Augusta is 105 compared to 100 nationally. This suggests that while food prices are slightly higher than average there is good value to be found in other areas.
Augusta offers a diverse range of businesses and services. Notable local companies include Kennebec Savings Bank, Maine State Credit Union, Bath Iron Works, and Dave’s Electric Motors Inc. Each offer different products and services to residents and contribute to the city’s economy. Along with them, there are numerous small businesses that provide employment opportunities and promote further growth in the area.
Overall, Augusta has a relatively low cost of living with affordable rental prices and moderate grocery costs. It's an excellent place to live for those wanting to escape the hustle and bustle of larger cities yet still have access to essential goods and services.
Augusta (zip 04330) has an unemployment rate of 5.0%. The US average is 6.0%.
Augusta (zip 04330) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Augusta (zip 04330)
- The Sales Tax Rate for Augusta (zip 04330) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Augusta (zip 04330) 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 (zip 04330)
- The average income of a Augusta (zip 04330) resident is $23,788 a year. The US average is $28,555 a year.
- The Median household income of a Augusta (zip 04330) resident is $46,515 a year. The US average is $69,021 a year.