Edgartown, MA is a beautiful town located on Martha’s Vineyard. It is known for its stunning beaches and historical architecture. The cost of living in Edgartown is quite high compared to other places in the US: 2 bedroom rent costs $4,610 compared to the US average of $1,430; the Grocery Cost Index (117) is also higher than the US average (100). Despite the high cost of living, many people are attracted to the area due to its beautiful landscape and unique culture. Local companies in Edgartown include Mom & Pop's General Store, Island Realty Rentals, and Beachside Inn & Suites. These businesses provide locals with services such as property rentals, grocery shopping options and lodging accommodations.
Edgartown has an unemployment rate of 11.7%. The US average is 6.0%.
Edgartown has seen the job market decrease by -5.7% 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 Edgartown
- The Sales Tax Rate for Edgartown is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Edgartown 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 Edgartown
- The average income of a Edgartown resident is $44,665 a year. The US average is $37,638 a year.
- The Median household income of a Edgartown resident is $73,849 a year. The US average is $69,021 a year.