The small town of Palermo, Maine (04354) is the perfect place for those looking for a more relaxed lifestyle. With its low population and small-town charm, it's easy to see why people are drawn to this quaint community. The median rent for a two-bedroom apartment in Palermo is $1,170, which is slightly below the national average of $1,430. Additionally, the Grocery Cost Index in Palermo is 107 versus 100 in the US. This makes it an affordable option for those who want to live near the coast without breaking their budget.
For those who call Palermo home there are plenty of local businesses to explore and support. These include Tim's Dairy Bar, a family-run business serving up classic ice cream treats; Fish Bowl Trading Post Deli & Market which offers convenience store items as well as prepared foods; J&C’s Grill & Pub offering tasty breakfast and lunch options; and Worthy & Co., a vintage furniture shop with rustic pieces perfect for transforming any space. In Palermo there’s something for everyone!
Palermo (zip 04354) has an unemployment rate of 5.5%. The US average is 6.0%.
Palermo (zip 04354) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Palermo (zip 04354)
- The Sales Tax Rate for Palermo (zip 04354) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Palermo (zip 04354) 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 Palermo (zip 04354)
- The average income of a Palermo (zip 04354) resident is $29,480 a year. The US average is $28,555 a year.
- The Median household income of a Palermo (zip 04354) resident is $77,333 a year. The US average is $69,021 a year.