Bremen, ME (04551) is a quaint coastal town located in Lincoln County. With a population of just over 1,400 people , Bremen provides residents with an idyllic atmosphere to enjoy the natural beauty of the coast. The average two bedroom rent in Bremen is $1,190 compared to the national average of $1,430. Additionally, grocery costs are about 11% less than the national average; making it an ideal location for those looking for an affordable small town lifestyle.
The economy in Bremen has seen growth in recent years due to its proximity to larger centers like Rockland and Portland. Popular local companies include Jamieson Builders Inc., Maine Coast Construction Co., and Studio 41 Design & Art Gallery. All three of these businesses have been staples of the local economy for decades and demonstrate that this community is able to support small businesses.
Residents living in Bremen benefit from a healthy job market as well as lower than average cost of living and cost of doing business. This attracts many entrepreneurs who have established new businesses and helped develop the local economy even further. As a result of this economic development, Bremen has seen its population grow slowly but steadily over the last few years while still maintaining its picturesque charm.
Bremen (zip 04551) has an unemployment rate of 5.7%. The US average is 6.0%.
Bremen (zip 04551) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Bremen (zip 04551)
- The Sales Tax Rate for Bremen (zip 04551) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bremen (zip 04551) 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 Bremen (zip 04551)
- The average income of a Bremen (zip 04551) resident is $37,184 a year. The US average is $37,638 a year.
- The Median household income of a Bremen (zip 04551) resident is $74,375 a year. The US average is $69,021 a year.