New Sweden, ME (04762) offers a cost of living that is significantly lower than the national average. The average two bedroom rent in New Sweden is $850, compared to the US average of $1,430. Additionally, the grocery cost index in New Sweden is 105 versus 100 in the US. This shows that although groceries are still slightly more expensive than US overall prices, there is still significant savings when it comes to rent costs. As such, New Sweden can be an attractive place for those looking to save on living expenses without sacrificing quality of life and amenities.
New Sweden has a variety of local companies to choose from for residents looking for employment opportunities or services. These include but are not limited to: North Maine Woods Inc., a logging company; Solidarity Credit Union, offering financial services; and North Star Realty Inc., a real estate agency. With these businesses operating locally, residents can take advantage of convenient services while also supporting their community.
Overall, New Sweden offers lower costs of living with access to ample job opportunities and resources from the local business community. This makes it an attractive option for those wanting to save money while still enjoying a high quality of life in northern Maine.
New Sweden (zip 04762) has an unemployment rate of 5.9%. The US average is 6.0%.
New Sweden (zip 04762) 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 New Sweden (zip 04762)
- The Sales Tax Rate for New Sweden (zip 04762) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Sweden (zip 04762) 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 Sweden (zip 04762)
- The average income of a New Sweden (zip 04762) resident is $23,430 a year. The US average is $28,555 a year.
- The Median household income of a New Sweden (zip 04762) resident is $46,250 a year. The US average is $69,021 a year.