Stonington, ME (04681) is a coastal town located on Deer Island at the mouth of Penobscot Bay with stunning views of many nearby islands. Stonington is a popular destination for fishing, kayaking, whale watching, and other outdoor recreation. The 2 bedroom rent in Stonington is $1,040 which is much lower than the national average of $1,430. The Grocery Cost Index here is 112 versus 100 in the US, meaning that food prices are higher than average. There are plenty of local businesses to support - restaurants such as Oceanville Deli & Market and Stonington Lobster Co-op; various shops like Fogtown Gifts & Clothing; art galleries such as Schooner Gallery & Scrimshaw Emporium; hotels such as Inn at Stonington; and more. Although Stonington is more expensive for groceries than most places in the US, its cost of living overall remains competitive due to low housing costs compared to many areas.
Stonington (zip 04681) has an unemployment rate of 7.0%. The US average is 6.0%.
Stonington (zip 04681) 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 Stonington (zip 04681)
- The Sales Tax Rate for Stonington (zip 04681) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Stonington (zip 04681) 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 Stonington (zip 04681)
- The average income of a Stonington (zip 04681) resident is $23,879 a year. The US average is $28,555 a year.
- The Median household income of a Stonington (zip 04681) resident is $63,359 a year. The US average is $69,021 a year.