Zip 04553 (Newcastle, ME) Economy


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United States / Maine / No Metro Area / Lincoln County / No City / Newcastle (zip 04553)
Newcastle, Maine (04553) is a small town located on the Mid-Coast of Maine. It offers an idyllic lifestyle with stunning views of the neighboring ocean as well as quaint coastal living. 2 Bedroom Rent in Newcastle is $1,190 compared to the US average of $1,430, making it an affordable option for those looking to settle in this area. Furthermore, grocery cost index in Newcastle is 108 versus 100 in the US.
Newcastle is home to local businesses such as Kieve Wavus Education and Seacoast Adventure. Kieve Wavus Education provides outdoor education and leadership development for students and adults alike through their year-round programs. While Seacoast Adventure offers kayaking and paddle boarding tours along Damariscotta River. There are plenty of attractions to explore while visiting Newcastle like Damariscotta River Cruises which offers sightseeing tours along the river as well as Bald Eagle watching excursions during summer season and winter ice fishing trips during the cold months.

Newcastle (zip 04553) has an unemployment rate of 5.7%. The US average is 6.0%.

Newcastle (zip 04553) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.

Tax Rates for Newcastle (zip 04553)
- The Sales Tax Rate for Newcastle (zip 04553) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newcastle (zip 04553) 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 Newcastle (zip 04553)
- The average income of a Newcastle (zip 04553) resident is $31,645 a year. The US average is $28,555 a year.
- The Median household income of a Newcastle (zip 04553) resident is $79,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewcastle, MaineUnited States
  5.76
  -6.1%-6.2%
  33.0%33.5%
  5.5%6.2%
  6.8%4.6%
  $48,690$37,638
  $79,313$69,021
  $123,750$85,028
  Population by Occupation
  2.6%1.2%
  0.0%0.5%
  13.5%6.8%
  8.6%10.0%
  1.5%2.5%
  10.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.4%1.9%
  11.8%4.7%
  1.9%1.9%
  9.0%7.6%
  0.0%0.1%
  3.0%4.2%
  8.9%9.3%
  12.2%14.0%
  2.8%2.1%
  5.4%7.0%
  4.6%4.8%
  2.9%4.7%
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