Groveland, MA is a charming suburban community located in Essex County. It offers a relaxed lifestyle situated among beautiful rolling hills and lakes, making it an ideal place to call home. The cost of living is slightly higher than the national average due to rent being about $1,910 per month for a two-bedroom apartment and the Grocery Cost Index being 109 compared to 100 across the US. There are several well-known companies operating within Groveland including Acme Branded Products, Groveland Regional Bank, and D'Amore Healthcare. Salaries vary depending on experience and qualifications but entry-level positions at these companies can expect to earn an average of $30,000 per year while experienced professionals can make up to $60,000 or more annually.
Groveland has an unemployment rate of 4.8%. The US average is 6.0%.
Groveland 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 Groveland
- The Sales Tax Rate for Groveland is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Groveland 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 Groveland
- The average income of a Groveland resident is $38,717 a year. The US average is $28,555 a year.
- The Median household income of a Groveland resident is $121,711 a year. The US average is $69,021 a year.