Economy in Zip 04287 (Bowdoin, ME)

04287 Bowdoin, ME is a great place to live. The average 2 bedroom rent in this area is $1,240, which is slightly lower than the US average of $1,430. Grocery Cost Index here is 107 versus 100 in the US, meaning it's slightly more expensive to buy groceries here than in most other places in the US. There are many local businesses located in 04287 Bowdoin, ME including K&B Market, PC Construction & Excavation LLC, and Rayne’s Market & Deli. K&B Market offers a variety of groceries, household items and more while PC Construction & Excavation LLC provides services related to excavation and construction projects. Lastly Rayne’s Market & Deli offers up delicious deli sandwiches as well as a variety of other items.

Bowdoin (zip 04287) has an unemployment rate of 4.3%. The US average is 6.0%.

Bowdoin (zip 04287) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.

Tax Rates for Bowdoin (zip 04287)
- The Sales Tax Rate for Bowdoin (zip 04287) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bowdoin (zip 04287) 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 Bowdoin (zip 04287)
- The average income of a Bowdoin (zip 04287) resident is $26,896 a year. The US average is $28,555 a year.
- The Median household income of a Bowdoin (zip 04287) resident is $53,362 a year. The US average is $53,482 a year.