Zip 04941 (Freedom, ME) Economy


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United States / Maine / No Metro Area / Waldo County / No City / Freedom (zip 04941)
Freedom, Maine (04941) is a small, rural town located in the northern part of the state. The area offers residents a quiet atmosphere for those looking to get away from the hustle and bustle of city life. The 2 bedroom rent is very affordable at $1,170 per month, which is significantly lower than the US average of $1,430. In addition to affordable rent prices, groceries in Freedom are just 7% higher than the US average on the Grocery Cost Index (107 compared to 100).
The town of Freedom has plenty of local business and resources. These include Hawthorne's Country Store for groceries and household items; Sarah's Cleaners for all your dry cleaning needs; Ouellette Auto Repair for car maintenance; and Fenley Family Farms for delicious local produce. For more amenities such as restaurants, shopping centers, or medical services, residents can easily drive to nearby towns like Belfast or Lincolnville.

Freedom (zip 04941) has an unemployment rate of 5.5%. The US average is 6.0%.

Freedom (zip 04941) 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 34.9%, which is higher than the US average of 33.5%.

Tax Rates for Freedom (zip 04941)
- The Sales Tax Rate for Freedom (zip 04941) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Freedom (zip 04941) 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 Freedom (zip 04941)
- The average income of a Freedom (zip 04941) resident is $21,445 a year. The US average is $28,555 a year.
- The Median household income of a Freedom (zip 04941) resident is $58,170 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFreedom, MaineUnited States
  5.56
  -6.0%-6.2%
  34.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $28,551$37,638
  $58,170$69,021
  $59,792$85,028
  Population by Occupation
  5.7%1.2%
  0.0%0.5%
  10.2%6.8%
  7.8%10.0%
  4.5%2.5%
  6.0%11.0%
  1.9%4.8%
  1.2%0.8%
  0.0%1.9%
  1.6%4.7%
  0.2%1.9%
  1.2%7.6%
  0.0%0.1%
  5.2%4.2%
  23.7%9.3%
  10.5%14.0%
  1.2%2.1%
  6.6%7.0%
  4.1%4.8%
  8.3%4.7%
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