Charlemont, MA Economy


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United States / Massachusetts / No Metro Area / Franklin County / Charlemont / Zip Codes
Charlemont, MA is a small town nestled in the Berkshire Mountains in Massachusetts. It is known for its idyllic scenery and its outdoor activities. The cost of living in Charlemont is slightly lower than the US average, with 2 Bedroom rents at $1,150 as opposed to $1,430 US-wide. Additionally, the Grocery Cost Index of 106 compared to 100 nationally gives residents an extra bit of savings. Popular local businesses include Harwood's Ski & Sport and Thunder Mountain Sporting Club which offer equipment rentals and guided outdoor tours. The historic Bridge of Flowers is also a popular attraction to visitors and locals alike for its picturesque views of the Deerfield River.

Charlemont has an unemployment rate of 7.5%. The US average is 6.0%.

Charlemont has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Charlemont
- The Sales Tax Rate for Charlemont is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Charlemont 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 Charlemont
- The average income of a Charlemont resident is $27,456 a year. The US average is $28,555 a year.
- The Median household income of a Charlemont resident is $51,797 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharlemont, MassachusettsUnited States
  7.56
  -7.1%-6.2%
  36.1%33.5%
  6.3%6.2%
  5.1%4.6%
  $34,358$37,638
  $51,797$69,021
  $66,750$85,028
  Population by Occupation
  2.8%1.2%
  0.0%0.5%
  8.2%6.8%
  12.1%10.0%
  0.0%2.5%
  10.6%11.0%
  3.4%4.8%
  1.8%0.8%
  0.0%1.9%
  3.9%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  6.7%4.2%
  17.8%9.3%
  10.3%14.0%
  7.7%2.1%
  8.8%7.0%
  2.3%4.8%
  2.3%4.7%
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