Zip 04050 (Long Island, ME) Economy


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04050 Long Island, ME is a great place to live. The two bedroom rent for this area is $1,940 compared to the national rent of $1,430. Grocery cost index for this place stands at 115 versus 100 in the US. Living in 04050 Long Island offers many advantages including being close to some of Maine's top companies including National Semiconductor, Bath Iron Works and Eimskip USA. This is a great place to work and live due to the affordable rent and lower grocery costs.

Long Island (zip 04050) has an unemployment rate of 4.5%. The US average is 6.0%.

Long Island (zip 04050) has seen the job market increase by 1.2% 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 Long Island (zip 04050)
- The Sales Tax Rate for Long Island (zip 04050) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Long Island (zip 04050) 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 Long Island (zip 04050)
- The average income of a Long Island (zip 04050) resident is $31,955 a year. The US average is $28,555 a year.
- The Median household income of a Long Island (zip 04050) resident is $73,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLong Island, MaineUnited States
  4.56
  -6.0%-6.2%
  40.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $46,647$37,638
  $73,750$69,021
  $113,611$85,028
  Population by Occupation
  11.8%1.2%
  0.0%0.5%
  9.6%6.8%
  6.6%10.0%
  7.4%2.5%
  8.8%11.0%
  1.5%4.8%
  0.0%0.8%
  0.0%1.9%
  0.7%4.7%
  1.5%1.9%
  14.0%7.6%
  0.0%0.1%
  5.1%4.2%
  13.2%9.3%
  11.0%14.0%
  0.0%2.1%
  0.7%7.0%
  0.7%4.8%
  7.4%4.7%
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