Economy in Zip 04679 (Southwest Harbor, ME)

Southwest Harbor, ME 04679 is a small town located near the coast of Maine. The 2 Bedroom rent in Southwest Harbor is $1,260 per month which is slightly lower than the US average of $1,430. The Grocery Cost Index in Southwest Harbor is 114 versus 100 in the US, making groceries a bit more expensive in this area. Local businesses in Southwest Harbor include the Holbrook Lobster Company, Furbish & Battaglia General Store, and the Main Street Pizza Place. These businesses are small and family-owned but contribute significantly to the community's economy and culture. Compared to larger cities, Southwest Harbor offers more affordable housing and living costs while still providing ample local businesses for residents to shop from or enjoy meals at.

Southwest Harbor (zip 04679) has an unemployment rate of 7.0%. The US average is 6.0%.

Southwest Harbor (zip 04679) 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 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Southwest Harbor (zip 04679)
- The Sales Tax Rate for Southwest Harbor (zip 04679) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Southwest Harbor (zip 04679) 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 Southwest Harbor (zip 04679)
- The average income of a Southwest Harbor (zip 04679) resident is $29,096 a year. The US average is $28,555 a year.
- The Median household income of a Southwest Harbor (zip 04679) resident is $48,452 a year. The US average is $69,021 a year.