Zip 04346 (Randolph, ME) Economy


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04346 Randolph, ME is known to be a great place to live for those looking for an affordable home. The average two-bedroom rent rate in this area is $980, which is nearly $450 less than the average two-bedroom rent rate across the US. It's also an attractive option for those interested in saving money on groceries because the grocery cost index in 04346 Randolph, ME is 104 versus 100 in the US. Local companies that contribute to 04346 Randolph, ME's economy include Darnell Industries and Coggins Farm Supply.

Randolph (zip 04346) has an unemployment rate of 4.7%. The US average is 6.0%.

Randolph (zip 04346) 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 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Randolph (zip 04346)
- The Sales Tax Rate for Randolph (zip 04346) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Randolph (zip 04346) 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 Randolph (zip 04346)
- The average income of a Randolph (zip 04346) resident is $24,231 a year. The US average is $28,555 a year.
- The Median household income of a Randolph (zip 04346) resident is $52,639 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRandolph, MaineUnited States
  4.76
  -3.8%-6.2%
  31.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $33,004$37,638
  $52,639$69,021
  $63,864$85,028
  Population by Occupation
  3.9%1.2%
  0.0%0.5%
  9.5%6.8%
  2.2%10.0%
  5.8%2.5%
  17.8%11.0%
  0.8%4.8%
  3.1%0.8%
  0.0%1.9%
  4.9%4.7%
  0.6%1.9%
  4.7%7.6%
  0.0%0.1%
  2.7%4.2%
  12.7%9.3%
  9.3%14.0%
  0.0%2.1%
  5.8%7.0%
  5.6%4.8%
  10.5%4.7%
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