Frenchboro, ME (04635) is a small island community located in Hancock County, Maine. The population of the island is approximately 136 people. The median two bedroom rent in Frenchboro is much lower than the US average at $1,050 compared to $1,430. Furthermore, grocery cost index in Frenchboro is also below average at 111 versus 100 nationally. There are several local companies that serve the community including Frenchboro Lobster Co-Op which was founded over fifty years ago and provides fresh seafood for locals and visitors alike; Mackerel Sky Gallery which offers original artwork from artisans around the area; and Downeast Windjammer Cruises which offers scenic boat tours of the surrounding islands.
Frenchboro (zip 04635) has an unemployment rate of 7.0%. The US average is 6.0%.
Frenchboro (zip 04635) has seen the job market decrease by -7.9% 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 Frenchboro (zip 04635)
- The Sales Tax Rate for Frenchboro (zip 04635) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Frenchboro (zip 04635) 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 Frenchboro (zip 04635)
- The average income of a Frenchboro (zip 04635) resident is $23,219 a year. The US average is $37,638 a year.
- The Median household income of a Frenchboro (zip 04635) resident is $0 a year. The US average is $69,021 a year.