Penobscot County · Maine · Northeast · 32k residents
Bangor, ME: economy, jobs & business costs
The site-selection read on Bangor: labor costs, talent, corporate tax, energy, and business activity, with the Maine median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,106/wk. Maine's corporate income tax rate is 8.93%. Commercial electricity averages 18.2¢/kWh.
Compare Bangor side by side
Avg. weekly wage
$1,106/wk
Corporate income tax
8.93%
Bachelor's degree or higher
35.1%
Commercial electricity
18.2¢/kWh
Economic momentum
How fast Bangor's economy is moving, ranked against the US cities we track.
46/100
Steady
Ranks Bangor's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $219,600 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.24% |
| 1-bedroom rent | $930/mo |
| 2-bedroom rent | $1,138/mo |
| State & local income tax | 3.85% |
| Sales tax | 5.5% |
| Corporate income tax | 8.93% |
| Avg. weekly wage | $1,106/wk |
| Bachelor's degree or higher | 35.1% |
| Commercial electricity | 18.2¢/kWh |
| Businesses per 1k residents | 33.0/1k |
| Wage: Software developer | $104,140 |
| Wage: Registered nurse | $93,940 |
| Wage: General manager | $91,110 |
| Wage: Customer service | $42,530 |
| Wage: Warehouse worker | $37,040 |
| Wage: Heavy truck driver | $56,250 |
| Wage: Electrician | $63,390 |
| Wage: Retail salesperson | $35,560 |
| Cost of living index | 88 |
| Groceries index | 103 |
| Utilities | $200/mo |
| Transit pass | $45/mo |
| Gas price | $3.30/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,050/mo |
| Median household income | $59,942 |
| Unemployment rate | 3.1% |
| Population | 32k |
| Crime index | 22/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 78/100 |
| Avg. commute | 24 min |
| Sunny days / year | 200 days |
| July high | 80°F |
| January low | 9°F |
| Annual snowfall | 75 in |
| Home price YoY | +1.0% |
| Home price MoM | 0.0% |
| Rent YoY | +4.8% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | -0.4% |
| Building permits YoY | +23.9% |
| Ocean coast | 45 mi |
| Big lake | 72 mi |
| Mountains | 75 mi |
| Major airport | 203 mi |
| Ski resort | 76 mi |
Popular comparisons
Nearby
- Waterville, ME · 17k
- Augusta, ME · 19k
- Lewiston, ME · 38k
- Brunswick, ME · 18k
- Auburn, ME · 25k
Similar size
- South Portland, ME · 27k
- Biddeford, ME · 22k
- Sanford, ME · 22k
- Saco, ME · 21k
- Westbrook, ME · 21k
Real listings in Bangor
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Bangor a good place to run a business?
- Maine's corporate income tax rate is 8.93%; average weekly wages in the surrounding labor market run $1,106/wk; commercial electricity averages 18.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Bangor, ME?
- Bangor indexes at 88 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,138/mo and a acs median home value of $219,600.
- How much does a house cost in Bangor?
- The acs median home value in Bangor is $219,600 (Census ACS estimate; individual listings vary).
- How much is rent in Bangor?
- A two-bedroom in Bangor rents for about $1,138/mo.