Zip 04624 (Corea, ME) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Maine / No Metro Area / Hancock County / No City / Corea (zip 04624)
Corea is a small town located in 04624 in Maine. The town has a population of only around 500 people. Rent for two bedroom apartments is cheaper than the national average, coming in at just $1,010 compared to the US average of $1,430. Grocery costs are also lower than the national average with an index of 115 versus 100 in the US.
Corea is home to a variety of small businesses including few major ones like Bar Harbor Bank & Trust, Flanders Fish Market & Restaurant, Sullivan's General Store and The Corea Harbor View Inn. Bar Harbor Bank & Trust offers banking services such as checking and savings accounts while Flanders Fish Market specializes in fresh seafood from local fishermen. Sullivan’s General Store has been around since 1885 offering unique gifts and souvenirs while Corea Harbor View Inn provides lodging facilities for visitors looking to stay longer.
Corea is a beautiful coastal town known for its natural beauty and stunning views of Frenchman Bay. It is surrounded by lush forests, fields and rolling hills providing plenty of outdoor activities such as fishing, camping, hiking and kayaking. There are also plenty of beaches nearby for swimming or sunbathing any time of year. The town truly offers something for everyone; whether it be exploring nature or visiting its many businesses!

Corea (zip 04624) has an unemployment rate of 7.0%. The US average is 6.0%.

Corea (zip 04624) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Corea (zip 04624)
- The Sales Tax Rate for Corea (zip 04624) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Corea (zip 04624) 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 Corea (zip 04624)
- The average income of a Corea (zip 04624) resident is $21,585 a year. The US average is $28,555 a year.
- The Median household income of a Corea (zip 04624) resident is $50,956 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCorea, MaineUnited States
  76
  -7.9%-6.2%
  32.5%33.5%
  5.5%6.2%
  6.8%4.6%
  $23,863$37,638
  $50,956$69,021
  $50,662$85,028
  Population by Occupation
  12.5%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  30.4%4.2%
  0.0%9.3%
  41.1%14.0%
  0.0%2.1%
  16.1%7.0%
  0.0%4.8%
  0.0%4.7%
Health