Zip 04072 (Saco, ME) Economy


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Saco, ME 04072 is a wonderful coastal community located near the bustling city of Portland. With plenty of charming shops, restaurants, and attractions nearby, Saco is an ideal place to call home. The average two-bedroom rent in Saco is $1,600 per month while the US average is $1,430. Additionally groceries are slightly more expensive in Saco with an index of 109 compared to 100 in the United States.
There are many local companies that call Saco home such as Downeast Energy Corp., United Way of York County, and Baxter Brewing Co.. Each of these local businesses bring something unique to this small town. Cost of living indexes for Saco include housing costs, grocery costs, healthcare costs, utilities costs, transportation costs and miscellaneous expenses. All these combine to create a high quality standard of living while still being affordable for residents.

Saco (zip 04072) has an unemployment rate of 5.8%. The US average is 6.0%.

Saco (zip 04072) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.

Tax Rates for Saco (zip 04072)
- The Sales Tax Rate for Saco (zip 04072) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Saco (zip 04072) 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 Saco (zip 04072)
- The average income of a Saco (zip 04072) resident is $28,831 a year. The US average is $28,555 a year.
- The Median household income of a Saco (zip 04072) resident is $72,700 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySaco, MaineUnited States
  5.86
  -6.0%-6.2%
  40.0%33.5%
  5.5%6.2%
  6.8%4.6%
  $40,927$37,638
  $72,700$69,021
  $97,702$85,028
  Population by Occupation
  1.2%1.2%
  0.1%0.5%
  5.0%6.8%
  9.2%10.0%
  3.0%2.5%
  13.2%11.0%
  2.5%4.8%
  1.2%0.8%
  2.1%1.9%
  7.9%4.7%
  1.8%1.9%
  7.3%7.6%
  0.0%0.1%
  3.7%4.2%
  9.4%9.3%
  16.2%14.0%
  1.5%2.1%
  7.9%7.0%
  4.4%4.8%
  2.2%4.7%
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