Chelsea, MA is a thriving community with many businesses located within the city limits. Local companies such as FedEx, Dunkin' Donuts, and Stop & Shop all have locations in Chelsea. With these businesses come more job opportunities for locals. When considering job opportunities and quality of life, it is important to consider the cost of living. The average 2 bedroom rent in Chelsea is $2,360 which is substantially higher than the US average of $1,430. Grocery costs are also higher with an index score of 108 compared to 100 in the US. Despite the higher costs associated with living in Chelsea, there are still plenty of benefits to be had from residing in this vibrant city.
Chelsea has an unemployment rate of 7.9%. The US average is 6.0%.
Chelsea has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.9%, which is higher than the US average of 33.5%.
Tax Rates for Chelsea
- The Sales Tax Rate for Chelsea is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chelsea 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 Chelsea
- The average income of a Chelsea resident is $21,523 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea resident is $64,782 a year. The US average is $69,021 a year.