Bingham, Maine (Zip code 04920) is a small town in Somerset County with an estimated population of 1,821. The area offers plenty of recreational activities to its residents and visitors alike. 2 Bedroom rent in the area is $900 which is significantly lower than the national average of $1,430, making it an attractive option for those with limited budget. Additionally, the Grocery Cost Index in Bingham is 102 versus 100 in the US making it a cost efficient location overall. Some of the local attractions include Lake George Regional Park where visitors can enjoy fishing, boating and camping as well as a variety of educational programs provided by University of Maine at Bingham. The area also has several local businesses such as Peabody Hardware store, Kates Garage, Rusty’s Gas Station and the Market Place grocery store.
Bingham (zip 04920) has an unemployment rate of 6.9%. The US average is 6.0%.
Bingham (zip 04920) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Bingham (zip 04920)
- The Sales Tax Rate for Bingham (zip 04920) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bingham (zip 04920) 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 Bingham (zip 04920)
- The average income of a Bingham (zip 04920) resident is $23,053 a year. The US average is $37,638 a year.
- The Median household income of a Bingham (zip 04920) resident is $34,386 a year. The US average is $69,021 a year.