Woods Hole, MA is a small town located in the Upper Cape Cod region. It is known for its various marine science organizations, such as the Woods Hole Oceanographic Institution and the Marine Biological Laboratory. It also attracts many tourists due to its stunning coastal scenery and quaint downtown atmosphere.
The cost of living in Woods Hole is higher than the US average, with 2 bedroom rent costing $1,880 compared to $1,430 in the US. There is also a higher grocery cost index of 116 versus 100 in the US. That said, there are several local companies that make up for this added expense such as Pie in The Sky Bakery & Cafe which serves freshly made pastries and sandwiches, China Boat Restaurant offering Chinese cuisine, and Sippewissett Pizza & Pasta with Italian inspired dishes. All of these serve as great options for those who want to save on costs while still enjoying delicious food.
Woods Hole has an unemployment rate of 9.0%. The US average is 6.0%.
Woods Hole has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Woods Hole
- The Sales Tax Rate for Woods Hole is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Woods Hole 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 Woods Hole
- The average income of a Woods Hole resident is $54,531 a year. The US average is $28,555 a year.
- The Median household income of a Woods Hole resident is $77,386 a year. The US average is $69,021 a year.