04106 South Portland, ME is an attractive area for many people due to its low cost of living. The average two-bedroom rent in this area is $2,080, which is nearly 50% less than the U.S. average of $1,430. The grocery cost index here rate is also 110 versus the 100 national index making it a reasonably affordable place to live.
South Portland hosts numerous businesses that provide good employment opportunities for locals. This includes Shipyard Brewing Co., Maine College of Health Professions, and Transteck Incorporated. With high-quality employers such as these and a low cost of living, 04106 South Portland makes for an ideal city to work and live in!
The city has plenty of points of interest too! On Pier Park you can find gorgeous views from across Casco Bay, or take a stroll along Willard Beach for a peaceful experience by the shoreline. South Portland also offers classic American dining experiences with restaurants such as The Good Table keeping the community entertained night after night!
South Portland (zip 04106) has an unemployment rate of 4.7%. The US average is 6.0%.
South Portland (zip 04106) 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for South Portland (zip 04106)
- The Sales Tax Rate for South Portland (zip 04106) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for South Portland (zip 04106) 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 South Portland (zip 04106)
- The average income of a South Portland (zip 04106) resident is $31,206 a year. The US average is $28,555 a year.
- The Median household income of a South Portland (zip 04106) resident is $73,492 a year. The US average is $69,021 a year.