Danvers, MA Economy


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Danvers, MA is a small town located in Essex County. It is the former site of the Salem Witch Trials and has a rich history. The town is home to many local companies, such as Realogy Corporation, Five Star Senior Living, and American Girl Publishing. In addition to its vibrant business community, Danvers also hosts several annual festivals that attract visitors from around the region. These festivals include the Danvers Summer Festival, Danvers Family Festival, and Danvers Harvest Festival. Families from all walks of life come together to enjoy these events while also taking in some of the sights and sounds of the town. From its historical significance to its strong sense of community, Danvers, MA is a wonderful place to call home!

Danvers has an unemployment rate of 7.4%. The US average is 6.0%.

Danvers has seen the job market increase by 4.0% 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 Danvers
- The Sales Tax Rate for Danvers is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Danvers 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 Danvers
- The average income of a Danvers resident is $37,784 a year. The US average is $28,555 a year.
- The Median household income of a Danvers resident is $105,654 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDanvers, MassachusettsUnited States
  7.46
  -9.4%-6.2%
  38.7%33.5%
  6.3%6.2%
  5.1%4.6%
  $49,862$37,638
  $105,654$69,021
  $122,147$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  5.0%6.8%
  10.2%10.0%
  2.0%2.5%
  12.2%11.0%
  3.6%4.8%
  1.4%0.8%
  1.8%1.9%
  4.8%4.7%
  1.0%1.9%
  8.4%7.6%
  0.1%0.1%
  5.2%4.2%
  10.0%9.3%
  18.7%14.0%
  2.8%2.1%
  5.7%7.0%
  2.7%4.8%
  4.0%4.7%
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