Haverhill, MA is a city located in Essex County, Massachusetts. It has a population of 61,475 residents and is the third-largest city in the state. The median rent for a two bedroom apartment in Haverhill is $1,740 which is higher than the national average of $1,430. Grocery prices here are also higher than the national average with the cost index standing at 107 compared to 100 nationally.
Haverhill is home to many prominent businesses including Brimstone Technology Group, AC&D Technologies, Inc., DDM of America Corp., K & B Machine Co., Lawrence Paper Company and Pare Corporation. These companies have contributed greatly to the economic growth of this area over recent years.
Haverhill has an unemployment rate of 7.5%. The US average is 6.0%.
Haverhill 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 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Haverhill
- The Sales Tax Rate for Haverhill is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Haverhill 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 Haverhill
- The average income of a Haverhill resident is $30,348 a year. The US average is $28,555 a year.
- The Median household income of a Haverhill resident is $75,130 a year. The US average is $69,021 a year.