Berkley, Massachusetts is a vibrant city known for its stunning natural beauty and friendly locals. Housing costs in Berkley are higher than the national average, with the average two-bedroom rental costing $1,680. The local cost of groceries is also higher, with an index score of 108 versus 100 in the US. Despite this, businesses thrive in Berkley. Popular companies include Bank Five, Brewster Ambulance Service and Garelick Farms Dairy. Berkeley is also home to many popular restaurants such as J&M Diner and Eliza's Family Restaurant. Ultimately, Berkley’s proximity to larger cities like Boston and Providence make it a desirable place to live for commuters looking for small town charm without sacrificing convenience.
Berkley has an unemployment rate of 7.2%. The US average is 6.0%.
Berkley has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Berkley
- The Sales Tax Rate for Berkley is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Berkley 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 Berkley
- The average income of a Berkley resident is $43,686 a year. The US average is $37,638 a year.
- The Median household income of a Berkley resident is $110,518 a year. The US average is $69,021 a year.