Nahant, MA is a beautiful coastal town located in Essex County on the North Shore of Massachusetts. The city is known for its pristine beaches, fishing charters, golf courses, yacht clubs, and local eateries. It has a small-town feel but still offers plenty of amenities including schools, parks, museums, and shopping centers. With a population of around 4500 people it provides a safe and peaceful environment to call home.
The cost of living in Nahant is more expensive than the national average with two bedroom rentals costing an average of $2,360 per month and grocery costs indexing at 113 versus 100 nationally. However, this expense brings with it many advantages such as access to some great local companies like Halibut Point Boat Charters which offers charter fishing trips off the coast or Nantucket Worklofts which provides flexible office space solutions for businesses. In addition to these companies there are several other well-established organizations in the area that offer various programs from youth sports leagues to recreational activities at nearby Lynn Heritage State Park.
With all these amenities available within close proximity Nahant provides an excellent place to live with access to great scenery, leisure activities, and business opportunities all conveniently located together making it an ideal spot for anybody looking for a high quality of life in Massachusetts’ North Shore region.
Nahant has an unemployment rate of 7.4%. The US average is 6.0%.
Nahant has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Nahant
- The Sales Tax Rate for Nahant is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Nahant 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 Nahant
- The average income of a Nahant resident is $42,117 a year. The US average is $28,555 a year.
- The Median household income of a Nahant resident is $99,456 a year. The US average is $69,021 a year.