Aquinnah, MA is a small town located on Martha’s Vineyard. It is known for its beautiful beaches, stunning sunsets and unique wildlife. The cost of living in Aquinnah is relatively high compared to other towns in Massachusetts. Monthly rent for a two-bedroom apartment is almost three times the national average at $3,970. Similarly, grocery prices are 122 compared to 100 nationally. Despite the higher costs, a variety of local businesses contribute to the economy of Aquinnah. A few examples include Alley’s General Store and Menemsha Fish Market which provide supplies for locals and tourists alike. There are also several restaurants such as Homeport Restaurant and Lighthouse Grill that serve delicious food from locally sourced items like seafood from Menemsha harbor. Although living in Aquinnah comes with a higher cost of living than some nearby communities, it is worth considering due to its beauty and charm as well as its vibrant local businesses.
Aquinnah has an unemployment rate of 7.7%. The US average is 6.0%.
Aquinnah has seen the job market increase by 3.6% 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 Aquinnah
- The Sales Tax Rate for Aquinnah is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Aquinnah 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 Aquinnah
- The average income of a Aquinnah resident is $33,399 a year. The US average is $28,555 a year.
- The Median household income of a Aquinnah resident is $94,375 a year. The US average is $69,021 a year.