The small city of Charleston, Maine (04422) is a great place to live for those looking for a balanced lifestyle. The cost of living is fairly low here with two-bedroom rent averaging at just $910 compared to the national average of $1,430. Groceries are also more affordable with a local grocery cost index of 104 compared to the United States' 100. The local economy is made up mostly of service businesses and industries such as timber harvesting, woodworking, and manufacturing. Local companies include Charleston Wood Products Co., Gendron Inc., and Coffee Pond Fishing LLC. Altogether these factors make Charleston an attractive location for those seeking affordable living and business opportunities.
Charleston (zip 04422) has an unemployment rate of 5.3%. The US average is 6.0%.
Charleston (zip 04422) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Charleston (zip 04422)
- The Sales Tax Rate for Charleston (zip 04422) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Charleston (zip 04422) 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 Charleston (zip 04422)
- The average income of a Charleston (zip 04422) resident is $33,074 a year. The US average is $37,638 a year.
- The Median household income of a Charleston (zip 04422) resident is $63,333 a year. The US average is $69,021 a year.