Palmer Town, MA is an affordable town located in the Greater Boston area. It has plenty of amenities for those who want to live close to the city without breaking the bank. The two bedroom rental rates are much lower than the national average, at $1,210 per month compared to $1,430. Additionally, Palmer Town has a low cost of living index with groceries costing five percent more than the national average of 100. This makes it an ideal place for families or students looking for an affordable place to live.
The town is also home to many great businesses which help make it such a pleasant place to live. The Palmer Town Creamery serves up delicious ice cream treats while Kingdom Landscaping provides lawn care services and landscaping design. Local shops like Wine Not Boutique and King Street Emporium offer unique items not found anywhere else in Massachusetts. All of these businesses contribute to the vibrant local economy, helping Palmer Town residents enjoy a great quality of life!
Palmer Town has an unemployment rate of 8.5%. The US average is 6.0%.
Palmer Town has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Palmer Town
- The Sales Tax Rate for Palmer Town is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Palmer Town 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 Palmer Town
- The average income of a Palmer Town resident is $35,844 a year. The US average is $37,638 a year.
- The Median household income of a Palmer Town resident is $70,090 a year. The US average is $69,021 a year.