North Adams, MA is a small city located in the northwestern corner of Massachusetts. It is known for its rich culture and history, offering a range of attractions that make it an ideal destination for visitors. The city's economy is largely based on the tourism industry, with notable local companies such as North Adams Historical Museum, Natural Bridge State Park, and the Hoosac Valley Rail Trail. In addition to its tourist appeal, North Adams is also an attractive option for those looking to relocate due to its cost of living. The average 2 bedroom rent in North Adams is $1,300 which is about 9% lower than the US average at $1,430. In terms of grocery price indexing, North Adams has a value of 99 when compared to 100 nationally. All in all, North Adams offers residents high quality of life without breaking their budgets.
North Adams has an unemployment rate of 8.9%. The US average is 6.0%.
North Adams has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for North Adams
- The Sales Tax Rate for North Adams is 6.3%. The US average is 7.3%.
- The Income Tax Rate for North Adams is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Adams
- The average income of a North Adams resident is $22,672 a year. The US average is $28,555 a year.
- The Median household income of a North Adams resident is $48,575 a year. The US average is $69,021 a year.