Aurora, Maine (04408) is a small town located in the northern part of the state with a population of approximately 1,500 people. The cost of living in Aurora is relatively low compared to other parts of the US, with 2 bedroom rent costing around $1,020 - significantly lower than the national average of $1,430. Additionally, grocery costs are also lower in Aurora than elsewhere in the US as the Grocery Cost Index is 107 versus 100 in other states.
The economy in Aurora is built mainly around agriculture and fishing with many local companies providing services related to these industries such as Northern Maine Lobster Co., Pine Tree Farms, and Backyard Gardens. Additionally, there are some small businesses within town such as Sunrise Orchards which provides fresh produce and apple cider donuts and Brooke's Garage which offers vehicle repair services.
Aurora (zip 04408) has an unemployment rate of 7.0%. The US average is 6.0%.
Aurora (zip 04408) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Aurora (zip 04408)
- The Sales Tax Rate for Aurora (zip 04408) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Aurora (zip 04408) 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 Aurora (zip 04408)
- The average income of a Aurora (zip 04408) resident is $39,451 a year. The US average is $37,638 a year.
- The Median household income of a Aurora (zip 04408) resident is $58,750 a year. The US average is $69,021 a year.