04342 Dresden, ME is a small rural town located in Lincoln County with a population of 1,600 people. The average two bedroom rent in this area is $1,190 per month which is significantly lower than the national average of $1,430. Grocery cost index in 04342 Dresden also tends to be cheaper than the US average by 8%.
The local economy is primarily driven by industries such as tourism, agriculture and recreation. There are many local businesses in 04342 Dresden that contribute to the community’s economy such as Coastal Cuts Lawn Care LLC., Dresden Marine & Powersports Co., and Russell’s Hardware & Rentals. These companies play an important role in providing jobs and services to residents and visitors of 04342 Dresden.
Dresden (zip 04342) has an unemployment rate of 5.7%. The US average is 6.0%.
Dresden (zip 04342) has seen the job market increase by 0.5% 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 Dresden (zip 04342)
- The Sales Tax Rate for Dresden (zip 04342) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Dresden (zip 04342) 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 Dresden (zip 04342)
- The average income of a Dresden (zip 04342) resident is $29,403 a year. The US average is $28,555 a year.
- The Median household income of a Dresden (zip 04342) resident is $69,375 a year. The US average is $69,021 a year.