Zip 04859 (Spruce Head, ME) Economy


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United States / Maine / No Metro Area / Knox County / No City / Spruce Head (zip 04859)
04859 Spruce Head, ME is a small community located in Knox County. It has a population of around 600 people and is situated on an island off the coast of Maine. The 2 bedroom rent in the area is relatively low at $1,130 compared to the US average of $1,430 making it an affordable place to live. Additionally, grocery costs are slightly higher than average as indicated by its Grocery Cost Index of 109 versus 100 in the US.
The economy of 04859 Spruce Head is mainly based on fishing with some tourism and small retail operations. Notable businesses include Rob's Lobster Pound, a seafood restaurant famous for its fresh lobster rolls, as well as Grady's Discount Store offering discounted items from local stores. There are also several marinas catering to boaters and fishermen alike.
04859 Spruce Head provides great scenery overlooking Penobscot Bay with many rocky beaches nearby including Eagle Island famous for being Admiral Peary's summer home in 1898. The island also has several trails providing stunning views along the way. Whether you're looking for outdoor recreation or just looking to relax and take in nature's beauty, 04859 Spruce Head is an excellent choice for anyone looking to get away from the hustle and bustle of city life.

Spruce Head (zip 04859) has an unemployment rate of 5.6%. The US average is 6.0%.

Spruce Head (zip 04859) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Spruce Head (zip 04859)
- The Sales Tax Rate for Spruce Head (zip 04859) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Spruce Head (zip 04859) 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 Spruce Head (zip 04859)
- The average income of a Spruce Head (zip 04859) resident is $48,100 a year. The US average is $37,638 a year.
- The Median household income of a Spruce Head (zip 04859) resident is $71,382 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpruce Head, MaineUnited States
  5.66
  -7.1%-6.2%
  31.7%33.5%
  5.5%6.2%
  6.8%4.6%
  $48,100$37,638
  $71,382$69,021
  $82,083$85,028
  Population by Occupation
  15.7%1.2%
  0.0%0.5%
  3.9%6.8%
  14.4%10.0%
  1.0%2.5%
  15.4%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  9.5%7.6%
  0.0%0.1%
  0.0%4.2%
  18.4%9.3%
  17.0%14.0%
  0.0%2.1%
  1.6%7.0%
  3.0%4.8%
  0.0%4.7%
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