Hanover, MA is a great place to live with its affordable 2 bedroom rent of $2,180 and grocery cost index of 111. Local businesses in Hanover include Hannaford Supermarkets, Walgreens, Hanover Mall, and many more. Hanover is also home to some large companies such as Shaw’s Supermarket, Verizon Wireless, and The Home Depot. This makes it an ideal place for people looking for both small business opportunities as well as established companies. With its reasonable rent prices and good cost of living, Hanover is the perfect choice for those considering relocating.
Hanover has an unemployment rate of 5.6%. The US average is 6.0%.
Hanover 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 Hanover
- The Sales Tax Rate for Hanover is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hanover 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 Hanover
- The average income of a Hanover resident is $42,458 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $149,048 a year. The US average is $69,021 a year.