Portland, ME (04108) is a popular destination for those seeking an affordable and picturesque place to live. The 2 Bedroom rent in Portland is $1,690, slightly higher than the US average of $1430. Grocery cost index in Portland is 115 versus 100 in the US, giving residents more options to save money on their groceries.
Portland has recently seen a surge in local businesses, as entrepreneurs continue to open up shops due to the city's thriving economy. Local companies in 04108 Portland include two popular boutique stores: Church & Co., offering high-quality fashion items; and Lula's Home Goods, which specializes in furniture and home decor. There are also several coffee shops such as Speckled Ax Coffee Roasters and Normal Coffee Roasters. Additionally, there are many restaurants with locally sourced ingredients that give visitors a truly unique dining experience.
Portland (zip 04108) has an unemployment rate of 5.2%. The US average is 6.0%.
Portland (zip 04108) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Portland (zip 04108)
- The Sales Tax Rate for Portland (zip 04108) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 04108) 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 Portland (zip 04108)
- The average income of a Portland (zip 04108) resident is $54,814 a year. The US average is $37,638 a year.
- The Median household income of a Portland (zip 04108) resident is $86,000 a year. The US average is $69,021 a year.