Hatfield, MA Economy


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Hatfield, MA is an interesting small town located in the heart of Massachusetts. With a population of 3,811 people as of the 2020 census, this small rural community offers a unique quality of life with close access to larger cities nearby. It is home to many locally owned businesses such as The Hatfield Lumber Company and Hatfield Country Store. There are also many outdoor activities available for visitors including fishing at the Hatfield Pond or hiking on nearby Mount Tom State Reservation. In terms of cost of living, Hatfield offers an affordable living experience with two bedroom rent listed at $1,360 compared to the US average of $1,430 and grocery costs indexing at 108 compared to a US average of 100. All in all, Hatfield makes for an enjoyable home away from home.

Hatfield has an unemployment rate of 5.4%. The US average is 6.0%.

Hatfield has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Hatfield
- The Sales Tax Rate for Hatfield is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hatfield 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 Hatfield
- The average income of a Hatfield resident is $35,446 a year. The US average is $28,555 a year.
- The Median household income of a Hatfield resident is $76,688 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHatfield, MassachusettsUnited States
  5.46
  -9.4%-6.2%
  37.7%33.5%
  6.3%6.2%
  5.1%4.6%
  $42,739$37,638
  $76,688$69,021
  $102,025$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  3.4%6.8%
  3.5%10.0%
  1.9%2.5%
  21.3%11.0%
  3.6%4.8%
  0.3%0.8%
  1.3%1.9%
  2.1%4.7%
  0.4%1.9%
  9.5%7.6%
  0.0%0.1%
  2.7%4.2%
  13.7%9.3%
  17.6%14.0%
  0.8%2.1%
  2.9%7.0%
  3.2%4.8%
  7.7%4.7%
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