Chatham, MA is a small town located on the Cape Cod peninsula in Massachusetts. It is known for its beautiful beaches, outdoor activities, and quaint community. It has become increasingly popular with families looking to escape the hustle and bustle of city life. The cost of rent in Chatham for a two bedroom apartment is $1,890 compared to the US average of $1,430. The Grocery Cost Index is also higher in Chatham at 114 compared to the US average of 100. Living in Chatham can be expensive but many local businesses offer discounts to help offset costs. There are several locally owned companies in Chatham including Main Street Pharmacy, Cape Cod Art Supply Co., and Wingate's Dairy Store. These stores offer products and services that are unique to the area making it an easy choice for locals to shop from instead of larger chain stores.
Chatham has an unemployment rate of 9.0%. The US average is 6.0%.
Chatham has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Chatham
- The Sales Tax Rate for Chatham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chatham 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 Chatham
- The average income of a Chatham resident is $47,895 a year. The US average is $28,555 a year.
- The Median household income of a Chatham resident is $88,750 a year. The US average is $69,021 a year.