Zip 04073 (Sanford, ME) Economy


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Sanford, Maine 04073 is a small city located in the state of Maine. It has a population of 22,323 and is known for its beautiful landscape and outdoor recreational activities. In Sanford, the average two bedroom rent is $1,270 which is slightly cheaper than the US average two bedroom rent of $1,430. Grocery cost index in Sanford is 106 compared to the US national average of 100.
Sanford offers many amenities for locals and visitors alike such as Goodall Hospital which provides quality healthcare to the local community. Other businesses in Sanford include The Country Market, Sanford & Son Auto Repair & Towing, Tan To Sea Beauty Salon and Salon Utopia. There are also plenty of local restaurants and cafes such as The Portland Pie Company and The Lobster Barn Restaurant to meet residents' needs.

Sanford (zip 04073) has an unemployment rate of 5.8%. The US average is 6.0%.

Sanford (zip 04073) 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 Sanford (zip 04073)
- The Sales Tax Rate for Sanford (zip 04073) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sanford (zip 04073) 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 Sanford (zip 04073)
- The average income of a Sanford (zip 04073) resident is $23,730 a year. The US average is $28,555 a year.
- The Median household income of a Sanford (zip 04073) resident is $63,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySanford, MaineUnited States
  5.86
  -6.0%-6.2%
  40.0%33.5%
  5.5%6.2%
  6.8%4.6%
  $31,240$37,638
  $63,750$69,021
  $78,864$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  4.8%6.8%
  16.8%10.0%
  2.6%2.5%
  16.7%11.0%
  3.8%4.8%
  0.6%0.8%
  1.3%1.9%
  4.6%4.7%
  0.7%1.9%
  3.6%7.6%
  0.0%0.1%
  3.4%4.2%
  5.6%9.3%
  17.7%14.0%
  1.2%2.1%
  5.5%7.0%
  3.9%4.8%
  6.7%4.7%
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