Zip 04005 (Biddeford, ME) Economy


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04005 Biddeford, ME is a great place for anyone looking for an affordable living option. With two bedroom rents at $1,270 per month, it is much lower than the national average of $1,430. Additionally, the grocery cost index in this area is 110 compared to 100 nationally. This makes it an attractive destination for those searching for affordability.
Biddeford has plenty of options when it comes to entertainment and dining out. Popular restaurants in the area include J's Oyster Bar & Grille, Riverside Pub and Grill and Thai Taste Kitchen and Bar. For those interested in exploring local history and culture there are several landmarks including stunning architecture such as St Joseph's Church, the City Theater and The Pepperell Mill Campus.

Biddeford (zip 04005) has an unemployment rate of 5.4%. The US average is 6.0%.

Biddeford (zip 04005) 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 39.2%, which is higher than the US average of 33.5%.

Tax Rates for Biddeford (zip 04005)
- The Sales Tax Rate for Biddeford (zip 04005) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Biddeford (zip 04005) 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 Biddeford (zip 04005)
- The average income of a Biddeford (zip 04005) resident is $24,698 a year. The US average is $28,555 a year.
- The Median household income of a Biddeford (zip 04005) resident is $60,276 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBiddeford, MaineUnited States
  5.46
  -6.1%-6.2%
  39.2%33.5%
  5.5%6.2%
  6.8%4.6%
  $33,761$37,638
  $60,276$69,021
  $76,964$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  6.1%6.8%
  10.2%10.0%
  2.5%2.5%
  15.9%11.0%
  6.0%4.8%
  0.1%0.8%
  1.7%1.9%
  7.3%4.7%
  1.1%1.9%
  4.2%7.6%
  0.0%0.1%
  2.2%4.2%
  10.7%9.3%
  15.5%14.0%
  1.7%2.1%
  7.8%7.0%
  3.0%4.8%
  3.9%4.7%
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