Newport, Maine (Zipcode: 04953) is a small city located on the outskirts of Bangor. The town has a population of 2,000 citizens and offers an affordable lifestyle with a median two-bedroom rent of $990 compared to the US median of $1,430. Newport also boasts a low cost of living index compared to the United States, at 105 versus 100 in the US.
The local economy consists mainly of small family businesses including Caron's Corner Store, Seabreeze Deli & Ice Cream Parlor and Big D's Bar & Grill. All three are popular local establishments that have been around for many years and boast friendly service and delicious housemade food. For those looking for a more substantial shopping experience there is Walmart 10 miles away in Bangor for all your grocery needs.
In conclusion, Newport is an ideal place to live for those seeking a quiet rural lifestyle with an affordable cost of living. With its cozy local businesses, peaceful atmosphere and low-cost housing options it provides an attractive option for retirees, young couples or anyone seeking an escape from the hustle and bustle of city life.
Newport (zip 04953) has an unemployment rate of 5.3%. The US average is 6.0%.
Newport (zip 04953) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Newport (zip 04953)
- The Sales Tax Rate for Newport (zip 04953) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Newport (zip 04953) 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 Newport (zip 04953)
- The average income of a Newport (zip 04953) resident is $32,002 a year. The US average is $37,638 a year.
- The Median household income of a Newport (zip 04953) resident is $56,358 a year. The US average is $69,021 a year.