The town of Richmond, ME 04357 is a small and peaceful place to live. With a population of just under 4,000 residents, the cost of living is lower than the national average. In terms of housing costs, rent for a two-bedroom apartment in Richmond is currently around $1,190 per month. This figure is significantly less than the US average for a two-bedroom apartment which stands at $1,430. Another factor to consider when evaluating living costs is grocery prices and Richmond has an index score of 106 which is higher than the national average of 100.
Richmond offers residents a relaxed atmosphere with plenty to enjoy including art galleries, boutiques and several outdoor activities such as hiking trails, golf courses and lakes. The town’s economy is powered by some well-known local companies such as Winnegance General Store Inc., Richmond Boat Works Company and Apple Valley Produce Inc.
Richmond (zip 04357) has an unemployment rate of 4.3%. The US average is 6.0%.
Richmond (zip 04357) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Richmond (zip 04357)
- The Sales Tax Rate for Richmond (zip 04357) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 04357) 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 Richmond (zip 04357)
- The average income of a Richmond (zip 04357) resident is $27,120 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 04357) resident is $55,878 a year. The US average is $69,021 a year.