New Salem, MA is a charming city located in the western part of Massachusetts. The city has a lot to offer and is great for families or single individuals looking for an affordable place to live. 2 bedroom rent in New Salem, MA is about $1,230 compared to the US average of around $1,430. In addition, the grocery cost index in New Salem is 106 versus 100 in the US which means it's an overall cheaper place to live than most cities across the country. The city has many local businesses such as BumbleBee HardwareStore, Frogs Wholesale Foods Grocery Store and Candlelight Inn Bed & Breakfast. There are also numerous activities for residents to enjoy from hiking trails at Mount Pisgah Conservation Area to visiting museums like the Toolebox Museum of Transportation.
New Salem has an unemployment rate of 5.1%. The US average is 6.0%.
New Salem 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 New Salem
- The Sales Tax Rate for New Salem is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Salem 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 New Salem
- The average income of a New Salem resident is $34,830 a year. The US average is $28,555 a year.
- The Median household income of a New Salem resident is $71,221 a year. The US average is $69,021 a year.