Pelham, MA is growing rapidly due to its convenient location and affordability. With a 2 Bedroom rent of only $1,600 compared to the US average of $1,430, it’s no wonder why people are attracted to the area. Additionally, living in Pelham offers access to a variety of local businesses such as Pelham Grocery Company which boasts a Grocery Cost Index of 109 versus the 100 in the US. Other businesses popular with locals include Cunningham’s Pub & Grill, Wags & Whiskers Pet Supply Store and Coastline Rentals. Companies like these make Pelham an attractive city for those looking for convenience and affordability.
Pelham has an unemployment rate of 6.2%. The US average is 6.0%.
Pelham has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Pelham
- The Sales Tax Rate for Pelham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Pelham 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 Pelham
- The average income of a Pelham resident is $45,191 a year. The US average is $28,555 a year.
- The Median household income of a Pelham resident is $97,917 a year. The US average is $69,021 a year.