Caribou, ME is a great place to live because it offers reasonable cost of living. 2 bedroom rent in Caribou is $820 compared to US average of $1430. Along with that the Grocery Cost Index in Caribou is 104 versus 100 in the US, which means groceries are 4 percent cheaper than the national average. Caribou has many local companies and stores that offer excellent services. Some of these include India USA grocery and restaurant, University Motors Auto Repair shop, Walmart Supercenter and other retailers for shopping as well as plenty of restaurants for dining out. All these factors make Caribou an ideal city to call home.
Caribou has an unemployment rate of 5.8%. The US average is 6.0%.
Caribou has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Caribou
- The Sales Tax Rate for Caribou is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Caribou 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 Caribou
- The average income of a Caribou resident is $31,463 a year. The US average is $37,638 a year.
- The Median household income of a Caribou resident is $43,967 a year. The US average is $69,021 a year.