Merrimac, MA is a small town located in Essex County and is a great place to live. The average rent for a 2 bedroom apartment in the area is $2,140, which is above the US average of $1,430 for the same type of housing. Also, the Grocery Cost Index in Merrimac is 8% higher than 100 in the US. There are plenty of companies in Merrimac that offer jobs and other services such as L&L Excavation, Merrimac Self Storage, and Merrimac Artisan Carpentry. There are also many locally owned businesses like Papa Gino's Pizzeria, Manchester Seafood Restaurant, and Re-Threads Clothing Boutique that can provide entertainment or goods to those living in Merrimac.
Merrimac has an unemployment rate of 5.0%. The US average is 6.0%.
Merrimac has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Merrimac
- The Sales Tax Rate for Merrimac is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Merrimac 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 Merrimac
- The average income of a Merrimac resident is $43,144 a year. The US average is $37,638 a year.
- The Median household income of a Merrimac resident is $88,832 a year. The US average is $69,021 a year.