Zip 04260 (New Gloucester, ME) Economy


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New Gloucester, ME (04260) is a rural and residential town in Cumberland County. With a population of about 4,500 people, it's a great place for those looking for peace and quiet away from the hustle and bustle of city life. The average two bedroom rent in New Gloucester is $1,600 compared to the national average of $1,430. Additionally, living here is also relatively affordable as groceries cost slightly more than 100 compared to the US average.
The town has plenty of local businesses that make living here convenient. Notable companies include New Gloucester Post Office, New Gloucester Village Mart & Pizza, Pathways Physical Therapy & Sports Performance Center, Lonesome Whistle Farm Store LLC., C&A Woodworking, and Spruce Mountain Veterinary Services. With so many local businesses offering quality services and goods at competitive prices, exploring New Gloucester is certainly worth your while!

New Gloucester (zip 04260) has an unemployment rate of 4.5%. The US average is 6.0%.

New Gloucester (zip 04260) 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 New Gloucester (zip 04260)
- The Sales Tax Rate for New Gloucester (zip 04260) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Gloucester (zip 04260) 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 New Gloucester (zip 04260)
- The average income of a New Gloucester (zip 04260) resident is $27,688 a year. The US average is $28,555 a year.
- The Median household income of a New Gloucester (zip 04260) resident is $88,467 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Gloucester, MaineUnited States
  4.56
  -6.0%-6.2%
  40.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $37,749$37,638
  $88,467$69,021
  $97,575$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  14.7%6.8%
  7.7%10.0%
  2.6%2.5%
  8.4%11.0%
  3.4%4.8%
  0.0%0.8%
  4.2%1.9%
  7.9%4.7%
  2.9%1.9%
  6.1%7.6%
  0.0%0.1%
  2.8%4.2%
  4.7%9.3%
  18.2%14.0%
  3.3%2.1%
  5.5%7.0%
  2.4%4.8%
  4.5%4.7%
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