Milo, ME (04463) is a small town located in Penobscot County, with a population of 2,162. It is a great place to live for those looking for a peaceful and tranquil lifestyle. The median rent for a two-bedroom apartment in Milo is $760 which is significantly lower than the US median of $1,430. Groceries are also relatively more affordable here as the Grocery Cost Index in Milo stands at 103 compared to 100 nationally.
Milo has several great local companies and businesses where residents can work or shop. Examples include Kmart Corporation, Pyne Freight Lines Inc., Walden's Lumber Inc., Walmart Supercenter, and MJS Construction Co. Additionally, there are many restaurants in town such as The Station Restaurant & Pub, Dairy Queen Brazier Grill & Chill, The Diner at Milo Inn Motel and Aroma Joe's Coffee & Tea. Other attractions found in Milo include Sebec Lake Public Beach and the Sebec Lake Golf Course.
Milo (zip 04463) has an unemployment rate of 5.9%. The US average is 6.0%.
Milo (zip 04463) 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 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Milo (zip 04463)
- The Sales Tax Rate for Milo (zip 04463) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milo (zip 04463) 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 Milo (zip 04463)
- The average income of a Milo (zip 04463) resident is $24,038 a year. The US average is $37,638 a year.
- The Median household income of a Milo (zip 04463) resident is $50,799 a year. The US average is $69,021 a year.