Wells, Maine (04090) is a popular destination for those looking to escape the hustle and bustle of larger cities. Located in York County, Wells offers unique opportunities to enjoy the best of both worlds - active city life with close access to nature. The 2 bedroom rent in Wells is $1,340 which is substantially lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wells is 111 versus 100 in the USsignifying that groceries are more affordable in Wells.
Wells has a thriving local economy filled with a variety of businesses from small boutiques to larger companies such as Stonewall Kitchen and Stop & Shop. Other notable companies include The Online Computer Library Center (OCLC), International Association for Cognitive Education and Learning (IACEL), Coffee by Design, Bixby Energy Systems Inc., KDL Software Solutions, LLC., Woodruff Electric Co. Inc., among many others.
In short, Wells offers plenty of opportunity with its diverse job market combined with its lower-than-average cost of living making it an attractive option for individuals and families alike.
Wells (zip 04090) has an unemployment rate of 7.1%. The US average is 6.0%.
Wells (zip 04090) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for Wells (zip 04090)
- The Sales Tax Rate for Wells (zip 04090) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wells (zip 04090) 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 Wells (zip 04090)
- The average income of a Wells (zip 04090) resident is $33,039 a year. The US average is $28,555 a year.
- The Median household income of a Wells (zip 04090) resident is $71,090 a year. The US average is $69,021 a year.