Sanford, ME is a beautiful city with a population of just over 20,000 people. It has plenty to offer in terms of culture, entertainment, outdoor activities and the like. The cost of living in Sanford is quite affordable when compared to other cities in the US. For example, 2 Bedroom rent in Sanford is only $1,240 as compared to US 2 Bedroom rent which stands at $1,430. Moreover, the Grocery Cost Index in Sanford is 106 versus 100 for the US - meaning that groceries are cheaper here than elsewhere. This makes it an attractive destination for those looking to save money without sacrificing quality of life.
Sanford also boasts a thriving business community – with major companies such as Nestle Waters North America, Goodall Hospital and Viking Lumber all based here. Additionally, local entrepreneurs have set up small businesses such as restaurants and retail outlets providing goods and services that enrich the city's landscape even further. All these factors taken together make Sanford an ideal place to call home – especially for those looking for affordability combined with a great quality of life.
Sanford has an unemployment rate of 5.8%. The US average is 6.0%.
Sanford has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Sanford
- The Sales Tax Rate for Sanford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Sanford is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Sanford
- The average income of a Sanford resident is $32,648 a year. The US average is $37,638 a year.
- The Median household income of a Sanford resident is $65,671 a year. The US average is $69,021 a year.