Hancock, MA is a small town in Massachusetts. It offers affordable rent for two bedroom apartments at $1,700 compared to the rest of the US average of $1,430. The cost of groceries in Hancock is also slightly more expensive than the national average with a Grocery Cost Index of 104 compared to 100. Despite its small size, Hancock boasts a range of local businesses and companies such as A&B Grill, Family Tree Nail Salon, La Piccola Osteria Italian Restaurant and Dan's Barber Shop.
Hancock has an unemployment rate of 6.1%. The US average is 6.0%.
Hancock has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Hancock
- The Sales Tax Rate for Hancock is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hancock 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 Hancock
- The average income of a Hancock resident is $37,505 a year. The US average is $37,638 a year.
- The Median household income of a Hancock resident is $74,167 a year. The US average is $69,021 a year.