Zip 04974 (Searsport, ME) Economy


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United States / Maine / No Metro Area / Waldo County / No City / Searsport (zip 04974)
Searsport, Maine (04754) is a small town with a population of just over 2,800 people. Located in the heart of mid-coast Maine, this quaint town offers stunning views of Penobscot Bay and plenty of activities for visitors and locals alike.
Notably, Searsport is home to several local companies including Perry's Nut House, a family owned business since 1948, now offering hand-dipped chocolates and other treats along with hunks of fresh roasted peanuts; Carrabassett Coffee Roasters which sells freshly roasted coffee beans from around the world; the Carriage House Inn Bed & Breakfast which offers guests a tranquil getaway from everyday life; and Sebasticook Valley Farms, a family-owned farm that offers seasonal produce as well as prepared food items.
In terms of housing costs, two bedroom rent in Searsport is $1,110 compared to the US average of $1,430. Additionally, grocery cost index in Searsport is 106 versus 100 in the US. Surely these factors make Searsport an attractive place to live!

Searsport (zip 04974) has an unemployment rate of 5.5%. The US average is 6.0%.

Searsport (zip 04974) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.

Tax Rates for Searsport (zip 04974)
- The Sales Tax Rate for Searsport (zip 04974) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Searsport (zip 04974) 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 Searsport (zip 04974)
- The average income of a Searsport (zip 04974) resident is $22,174 a year. The US average is $28,555 a year.
- The Median household income of a Searsport (zip 04974) resident is $47,466 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySearsport, MaineUnited States
  5.56
  -6.0%-6.2%
  34.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $29,367$37,638
  $47,466$69,021
  $49,833$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.8%6.8%
  17.3%10.0%
  0.0%2.5%
  9.7%11.0%
  4.6%4.8%
  0.0%0.8%
  3.5%1.9%
  6.4%4.7%
  0.0%1.9%
  2.7%7.6%
  0.0%0.1%
  3.5%4.2%
  4.9%9.3%
  27.6%14.0%
  0.0%2.1%
  9.0%7.0%
  7.5%4.8%
  1.6%4.7%
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