Freeport, Maine (04032) is a small town that offers plenty of activities for its residents. In terms of real estate, prices are relatively low with the median home value sitting at $279,800 according to Zillow. The local market is typically quite active as well, making it a desirable place to settle down for individuals who don't want to live in a big city. As far as housing goes, two bedroom rents can be found around $2,000 a month compared to an average of $1,430 across the US. Grocery cost index in Freeport is 113 as opposed to 100 in the rest of the country.
There are several businesses operating within Freeport such as LL Bean Inc., Wolfe's Neck Farm and L L Cider Inc. Meanwhile there’s also attractions like Wolfe’s Neck Woods State Park and Desert of Maine which bring in tourists year round. With its low housing costs and abundance of activities, Freeport is an attractive place for many people looking to settle down in Maine
Freeport (zip 04032) has an unemployment rate of 4.5%. The US average is 6.0%.
Freeport (zip 04032) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Freeport (zip 04032)
- The Sales Tax Rate for Freeport (zip 04032) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Freeport (zip 04032) 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 Freeport (zip 04032)
- The average income of a Freeport (zip 04032) resident is $47,258 a year. The US average is $37,638 a year.
- The Median household income of a Freeport (zip 04032) resident is $86,870 a year. The US average is $69,021 a year.