Kennebec County · Maine · Northeast · 17k residents
Waterville, ME: economy, jobs & business costs
The site-selection read on Waterville: 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 $1,209/wk. Maine's corporate income tax rate is 8.93%. Commercial electricity averages 18.2¢/kWh.
Compare Waterville side by side
Avg. weekly wage
$1,209/wk
Corporate income tax
8.93%
Bachelor's degree or higher
30.8%
Commercial electricity
18.2¢/kWh
Economic momentum
How fast Waterville's economy is moving, ranked against the US cities we track.
20/100
Cooling
Ranks Waterville's 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 | $184,600 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.24% |
| 1-bedroom rent | $832/mo |
| 2-bedroom rent | $1,044/mo |
| State & local income tax | 3.85% |
| Sales tax | 5.5% |
| Corporate income tax | 8.93% |
| Avg. weekly wage | $1,209/wk |
| Bachelor's degree or higher | 30.8% |
| Commercial electricity | 18.2¢/kWh |
| Businesses per 1k residents | 33.4/1k |
| Wage: Software developer | $123,120 |
| Wage: Registered nurse | $86,990 |
| Wage: General manager | $98,860 |
| Wage: Customer service | $47,160 |
| Wage: Warehouse worker | $37,220 |
| Wage: Heavy truck driver | $57,050 |
| Wage: Electrician | $75,380 |
| Wage: Retail salesperson | $36,640 |
| Cost of living index | 85 |
| 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 | $53,580 |
| Unemployment rate | 3.1% |
| Population | 17k |
| Crime index | 22/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 75/100 |
| Avg. commute | 24 min |
| Sunny days / year | 200 days |
| July high | 80°F |
| January low | 9°F |
| Annual snowfall | — |
| Home price YoY | +1.0% |
| Home price MoM | +0.1% |
| Rent YoY | +2.3% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -0.6% |
| Building permits YoY | — |
| Ocean coast | 40 mi |
| Big lake | 67 mi |
| Mountains | 84 mi |
| Major airport | 166 mi |
| Ski resort | 47 mi |
Popular comparisons
Nearby
- Augusta, ME · 19k
- Lewiston, ME · 38k
- Auburn, ME · 25k
- Bangor, ME · 32k
- Brunswick, ME · 18k
Similar size
- Westbrook, ME · 21k
- Saco, ME · 21k
- Sanford, ME · 22k
- Biddeford, ME · 22k
- South Portland, ME · 27k
Real listings in Waterville
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Waterville 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 $1,209/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 Waterville, ME?
- Waterville indexes at 85 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,044/mo and a acs median home value of $184,600.
- How much does a house cost in Waterville?
- The acs median home value in Waterville is $184,600 (Census ACS estimate; individual listings vary).
- How much is rent in Waterville?
- A two-bedroom in Waterville rents for about $1,044/mo.