Waterford, ME (04088) is an idyllic New England town with a population of around 1,800. Residents of Waterford enjoy a low cost of living, with two-bedroom apartment rents averaging around $990 per month. This is well below the national average rent of $1,430 for similar units. Additionally, those living in Waterford are able to purchase groceries more affordably than other parts of the country, as the city's grocery cost index stands at 106 compared to a national average of 100.
In Waterford, one can easily find any supplies they might need for their day-to-day lives or special occasions. Notable local businesses include Goodey's Store & Deli for everyday necessities like fresh produce and deli items; L.L Bean for outdoor apparel and gear; Wilsons Cycle & Ski for cycling and skiing needs; and B&B Home Goods for furniture and home decor items. Residents also enjoy access to plenty of recreational activities in and around Waterford: on land there are jogging trails, horseback riding facilities, ATV trails, and golf courses; while on water there are many lakes where paddling or motorboating can be done during summer months.
Waterford (zip 04088) has an unemployment rate of 6.6%. The US average is 6.0%.
Waterford (zip 04088) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Waterford (zip 04088)
- The Sales Tax Rate for Waterford (zip 04088) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waterford (zip 04088) 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 Waterford (zip 04088)
- The average income of a Waterford (zip 04088) resident is $22,266 a year. The US average is $28,555 a year.
- The Median household income of a Waterford (zip 04088) resident is $59,231 a year. The US average is $69,021 a year.