04747 Island Falls, ME is a charming small town located in eastern Maine. It is known for its abundance of outdoor activities, such as fishing and boating on the nearby Sebasticook River. There are also many other attractions in the area, such as the Island Falls Golf Course, the Great Moose Adventures ATV Park, and Plantation Recreation. The town is also home to several companies including Kennebec Wood Products and Ritchie Logging. In regards to housing costs, 2 bedroom rent in 04747 Island Falls is $830 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index here is 104 versus 100 in the US. All of these factors contribute to making 04747 Island Falls an excellent place to live or visit.
Island Falls (zip 04747) has an unemployment rate of 5.9%. The US average is 6.0%.
Island Falls (zip 04747) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Island Falls (zip 04747)
- The Sales Tax Rate for Island Falls (zip 04747) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Island Falls (zip 04747) 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 Island Falls (zip 04747)
- The average income of a Island Falls (zip 04747) resident is $21,925 a year. The US average is $28,555 a year.
- The Median household income of a Island Falls (zip 04747) resident is $50,667 a year. The US average is $69,021 a year.