Farmington, Maine (Zip Code 04938) is a rural town with a population of 7,760. It is located in Franklin County and offers residents an affordable living environment. The 2 bedroom rental rate is quite reasonable at just $960 per month, which is only 67% of the US average of $1,430 for comparable housing. Furthermore, the grocery cost index in Farmington is 106 compared to 100 nationally. This means that groceries are slightly more expensive in Farmington than other parts of the country.
Farmington residents have access to local stores such as Needham’s Market and Sandy River Marketplace for their grocery needs. In addition to groceries, Farmington residents can take advantage of several other services including auto repair from Garmez Service Center and home improvements from Union Construction Co Inc. Those looking for a bite to eat will find plenty of options in town including Foothills Pizzeria and Gifford’s Ice Cream & Candy Bar.
Farmington (zip 04938) has an unemployment rate of 5.5%. The US average is 6.0%.
Farmington (zip 04938) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Farmington (zip 04938)
- The Sales Tax Rate for Farmington (zip 04938) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 04938) 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 Farmington (zip 04938)
- The average income of a Farmington (zip 04938) resident is $20,750 a year. The US average is $28,555 a year.
- The Median household income of a Farmington (zip 04938) resident is $51,096 a year. The US average is $69,021 a year.