Hallowell, Maine (04347) is a small town located in Kennebec County. The average two bedroom rent here is $950, which is much lower than the US average of $1,430. In addition, grocery costs here are higher than the national average at 106 versus 100 in the US.
There are several local businesses that operate in Hallowell, with its main industry being construction and retail trade. Examples of well-known companies include D&D Realty LLC, which provides real estate services specializing in residential and commercial properties; Hallowell Boat Works Inc., which specializes in providing boat repair and maintenance services; and Craswell’s Hardware Store, an established hardware store offering a wide selection of products from leading brands such as Stanley Black & Decker and Bosch.
Hallowell (zip 04347) has an unemployment rate of 4.7%. The US average is 6.0%.
Hallowell (zip 04347) 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 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Hallowell (zip 04347)
- The Sales Tax Rate for Hallowell (zip 04347) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hallowell (zip 04347) 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 Hallowell (zip 04347)
- The average income of a Hallowell (zip 04347) resident is $31,118 a year. The US average is $28,555 a year.
- The Median household income of a Hallowell (zip 04347) resident is $57,250 a year. The US average is $69,021 a year.