Zip 04956 (New Vineyard, ME) Economy


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United States / Maine / No Metro Area / Franklin County / No City / New Vineyard (zip 04956)
New Vineyard, ME 04956 is a small, rural town located in Franklin County. It has a population of just over 500 people and a low cost of living. The average two-bedroom rent in New Vineyard is $960 which is much lower than the US national average of $1,430. The local grocery cost index is also relatively low compared to the US at 107.
Local businesses, residents and visitors are drawn to this idyllic Maine community for its affordability and quaint charm. Local companies include Pine Tree Farm Equipment Co., Blue Hen Farm Service and Eastgate Motorsports - all offering uncompromising service to their customers across Maine. There are also several farms and dairies in the area where local produce can be purchased including Smith’s Farms, Brown’s Dairy Farm and Johnson’s Orchard & Apiary.
The locals of New Vineyard are known for their hospitality and friendly nature. People like Jason Turner who runs Blue Hen Farm Service have contributed greatly to the success of many businesses in the area as well as providing an excellent service for those looking to purchase farm equipment or services. Steve Miller has run Eastgate Motorsports since 2002 providing motor sports equipment rentals to locals as well as tourists visiting from out of state.
New Vineyard, ME 04956 is a charming rural community with plenty to offer both its residents and visitors alike. With its affordable housing costs and abundant local commerce, it's easy to see why so many people choose New Vineyard as their home away from home.

New Vineyard (zip 04956) has an unemployment rate of 5.5%. The US average is 6.0%.

New Vineyard (zip 04956) 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 26.3%, which is lower than the US average of 33.5%.

Tax Rates for New Vineyard (zip 04956)
- The Sales Tax Rate for New Vineyard (zip 04956) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Vineyard (zip 04956) 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 Vineyard (zip 04956)
- The average income of a New Vineyard (zip 04956) resident is $22,747 a year. The US average is $28,555 a year.
- The Median household income of a New Vineyard (zip 04956) resident is $55,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Vineyard, MaineUnited States
  Population by Occupation