Alton, ME is a small town located in the state of Maine. It has a population of just 2,776 people. The median rent for a two bedroom apartment is significantly lower than the US average at $1,100 versus $1,430 respectively. The cost of living in Alton is also cheaper with a grocery cost index of 105 compared to 100 nationally.
The local economy features a variety of small businesses. Among them are Alton Hardware and Supply Co., Barley & Grain Restaurant, Whole Lotta Yarns and Fibers LLC, and East Millinocket Small Engine Repair. These businesses are integral to the community and serve as strong economic drivers for Alton and its surrounding areas.
Alton has an unemployment rate of 7.3%. The US average is 6.0%.
Alton has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Alton
- The Sales Tax Rate for Alton is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Alton is 7.2%. The US average is 4.6%.
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Income and Salaries for Alton
- The average income of a Alton resident is $28,931 a year. The US average is $37,638 a year.
- The Median household income of a Alton resident is $52,361 a year. The US average is $69,021 a year.