Zip 04901 (Waterville, ME) Economy


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Located in central Maine, Waterville (zip code 04901) is a small city of approximately 16,000 people. The cost of living here is lower than the national average, with the median 2-bedroom rent being $920 and a grocery cost index of 105. This makes it an affordable place to live for many families looking for a more rural lifestyle. Popular local companies in the area include Bemis Associates, Colby College, Creative State Solutions, and the Hutchison Manufacturing Company. Each company offers a variety of employment opportunities for those seeking to stay close to home.

Waterville (zip 04901) has an unemployment rate of 5.2%. The US average is 6.0%.

Waterville (zip 04901) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.

Tax Rates for Waterville (zip 04901)
- The Sales Tax Rate for Waterville (zip 04901) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waterville (zip 04901) 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 Waterville (zip 04901)
- The average income of a Waterville (zip 04901) resident is $27,946 a year. The US average is $37,638 a year.
- The Median household income of a Waterville (zip 04901) resident is $46,358 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaterville, MaineUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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