Economy in Zip 04350 (Litchfield, ME)

Located in the small town of Litchfield, Maine (zip code 04350), this charming community provides a peaceful and low-cost lifestyle for its residents. The two bedroom rent in Litchfield is $980, which is substantially lower than the national average of $1,430. The grocery cost index in Litchfield is 106 vs 100 nationally. In addition to having lower than average costs, Litchfield also has several local companies such as Grange Hall Gardens Inc., Backyard Farms LLC, and Litchfield Veterinary Clinic that provide services and shopping options to the community. Residents can also enjoy nearby natural parks like the Bradbury Mountain State Park or Wolfe's Neck Woods State Park thanks to its close proximity to Portland. On top of all this, there is a convenient interactive map included below so visitors can explore all of what Litchfield has to offer!

Litchfield (zip 04350) has an unemployment rate of 4.7%. The US average is 6.0%.

Litchfield (zip 04350) 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 Litchfield (zip 04350)
- The Sales Tax Rate for Litchfield (zip 04350) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Litchfield (zip 04350) 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 Litchfield (zip 04350)
- The average income of a Litchfield (zip 04350) resident is $26,527 a year. The US average is $28,555 a year.
- The Median household income of a Litchfield (zip 04350) resident is $71,691 a year. The US average is $69,021 a year.