Zip 04074 (Scarborough, ME) Economy


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Scarborough, Maine (04074) is a small coastal city located in Cumberland County. It offers a variety of amenities that make it an attractive place to live. The median 2 bedroom rent in Scarborough is $2,110 which is significantly higher than the US average of $1,430. This makes it slightly more expensive than other cities in the surrounding area. Despite the slightly elevated cost of living, locals benefit from a Grocery Cost Index of 118 vs 100 nationally, making groceries more affordable.
The city has many popular attractions such as Scarborough Beach State Park and Higgins Beach. There are also numerous restaurants such as Nonesuch River Brewing Company and The Good Table Restaurant & Bar which offer a wide variety of cuisines for visitors to enjoy. Additionally, Scarborough’s proximity to Portland offers residents easy access to a wide range of cultural activities including nightlife, music festivals and art galleries.
Overall, Scarborough is an up-and-coming town with plenty to offer its residents. With its combination of high quality amenities and lower cost groceries compared to the national average, it's quickly becoming one of the most sought after locations in Maine for those looking for a new home.

Scarborough (zip 04074) has an unemployment rate of 4.5%. The US average is 6.0%.

Scarborough (zip 04074) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.

Tax Rates for Scarborough (zip 04074)
- The Sales Tax Rate for Scarborough (zip 04074) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Scarborough (zip 04074) 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 Scarborough (zip 04074)
- The average income of a Scarborough (zip 04074) resident is $57,118 a year. The US average is $37,638 a year.
- The Median household income of a Scarborough (zip 04074) resident is $107,210 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScarborough, MaineUnited States
  4.56
  -6.0%-6.2%
  40.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $57,118$37,638
  $107,210$69,021
  $134,907$85,028
  Population by Occupation
  2.4%1.2%
  0.0%0.5%
  2.7%6.8%
  8.3%10.0%
  2.6%2.5%
  12.9%11.0%
  2.2%4.8%
  0.2%0.8%
  1.8%1.9%
  9.7%4.7%
  2.9%1.9%
  11.3%7.6%
  0.0%0.1%
  3.8%4.2%
  7.5%9.3%
  19.4%14.0%
  0.5%2.1%
  4.3%7.0%
  3.6%4.8%
  3.8%4.7%
Health