Gorham, Maine (04038) is a city located in Cumberland County. It has an estimated population of just over 17,500 people and offers a peaceful and quiet lifestyle. The cost of living here is slightly above the US average. For example, the average 2 bedroom rent in Gorham is $1,760 while it's $1,430 nationally. The Grocery Cost Index in Gorham is 110 versus 100 in the US. There are plenty of businesses to support the local economy as well such as Gorham Savings Bank, B&B Hardware & Rental Center, and Gorham Bike & Ski. All have been serving the community for many years providing quality services for residents and visitors alike.
Gorham (zip 04038) has an unemployment rate of 4.5%. The US average is 6.0%.
Gorham (zip 04038) 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 Gorham (zip 04038)
- The Sales Tax Rate for Gorham (zip 04038) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Gorham (zip 04038) 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 Gorham (zip 04038)
- The average income of a Gorham (zip 04038) resident is $40,200 a year. The US average is $37,638 a year.
- The Median household income of a Gorham (zip 04038) resident is $90,446 a year. The US average is $69,021 a year.