Zip 04085 (Steep Falls, ME) Economy


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Steep Falls, ME (04085) is a small town located in York County, boasting some of the lowest 2 bedroom rent prices in the US. Currently at $1,640 for a two bedroom apartment, this is 14% lower than the national average of $1,430. Grocery cost index is also more favorable in Steep Falls than the US average with an index score of 108 versus 100. In addition to affordability, Steep Falls has access to an abundance of local businesses such as Boudreau's Market & Greenhouse which provides fresh fruits and vegetables from their own farm stand. The area also offers several independently owned restaurants like Bluegrass Bar & Grill and Lucy's Supper Club. Other local services include Moore's Auto Repair as well as Seven Shine Cleaners for all your laundry needs. With its affordability and numerous business options, Steep Falls is a great place to live.

Steep Falls (zip 04085) has an unemployment rate of 4.5%. The US average is 6.0%.

Steep Falls (zip 04085) 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 39.3%, which is higher than the US average of 33.5%.

Tax Rates for Steep Falls (zip 04085)
- The Sales Tax Rate for Steep Falls (zip 04085) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Steep Falls (zip 04085) 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 Steep Falls (zip 04085)
- The average income of a Steep Falls (zip 04085) resident is $27,974 a year. The US average is $28,555 a year.
- The Median household income of a Steep Falls (zip 04085) resident is $79,883 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySteep Falls, MaineUnited States
  4.56
  -6.1%-6.2%
  39.3%33.5%
  5.5%6.2%
  6.8%4.6%
  $31,454$37,638
  $79,883$69,021
  $87,016$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.1%6.8%
  7.9%10.0%
  1.4%2.5%
  11.5%11.0%
  1.9%4.8%
  0.0%0.8%
  2.6%1.9%
  16.7%4.7%
  0.0%1.9%
  0.9%7.6%
  0.0%0.1%
  1.8%4.2%
  11.6%9.3%
  12.9%14.0%
  0.0%2.1%
  6.6%7.0%
  9.2%4.8%
  11.0%4.7%
Health