Newburyport, MA is a beautiful coastal town located on the mouth of the Merrimack River in Essex County. It is known for its quaint downtown area full of shops and restaurants, lovely architecture, and scenic views. It is an ideal destination for those looking to get away from the hustle and bustle of city life, as it offers plenty of green space and outdoor activities. The 2 bedroom rent in Newburyport is $2,180 compared to the US average of $1,430. Additionally, local grocery costs are higher than the national average with an index score of 111 versus 100 in the US. Popular local companies include Peter Cuszak and Sons Construction Company, Quality Printing Services of Newburyport, and Sea Dog Brewing Co. All three have prominent reputations among locals and tourists alike.
Newburyport has an unemployment rate of 4.8%. The US average is 6.0%.
Newburyport has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Newburyport
- The Sales Tax Rate for Newburyport is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newburyport 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 Newburyport
- The average income of a Newburyport resident is $48,428 a year. The US average is $28,555 a year.
- The Median household income of a Newburyport resident is $115,807 a year. The US average is $69,021 a year.