Bailey Island, ME 04003 is a small island with a population of just over 600 people located in Cumberland County. It’s a great place to live with access to beautiful beaches, a stunning harbor, and plenty of outdoor recreation opportunities. According to data compiled by Zillow, 2 Bedroom Rent in Bailey Island is $1,560 which is slightly higher than the US average of $1,430 per month. The Grocery Cost Index for Bailey Island is also higher than the national average at 119 compared to 100 in the US. \nLocal companies that offer apartment rentals in Bailey Island include Whitecap Property Management, Wallingford Real Estate and Maine Coast Properties. These companies provide a variety of rental options for those looking for either long-term or short-term stays on the island. Additionally, there are many grocery stores conveniently located throughout Bailey Island including Whole Foods Market and Hannaford Supermarket & Pharmacy offering shoppers an array of food items at reasonable prices.
Bailey Island (zip 04003) has an unemployment rate of 4.5%. The US average is 6.0%.
Bailey Island (zip 04003) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Bailey Island (zip 04003)
- The Sales Tax Rate for Bailey Island (zip 04003) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bailey Island (zip 04003) 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 Bailey Island (zip 04003)
- The average income of a Bailey Island (zip 04003) resident is $35,138 a year. The US average is $37,638 a year.
- The Median household income of a Bailey Island (zip 04003) resident is $0 a year. The US average is $69,021 a year.