Holyoke, MA is a city in the state of Massachusetts that offers affordable housing and groceries. The average 2 bedroom rent for Holyoke is $1,090, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Holyoke is 105 versus 100 in the US, meaning grocery prices are only slightly higher compared to other places. These factors make Holyoke an attractive place to live.
For those looking for employment opportunities, there are many businesses located in the city such as Holyoke Community College, Big Y Foods Inc., and the Massachusetts Green High Performance Computing Center. There are also smaller local businesses like LaVerdure Homecare Services and K&K Auto Parts that offer services to the community.
Holyoke has an unemployment rate of 9.9%. The US average is 6.0%.
Holyoke 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 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Holyoke
- The Sales Tax Rate for Holyoke is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Holyoke 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 Holyoke
- The average income of a Holyoke resident is $21,671 a year. The US average is $28,555 a year.
- The Median household income of a Holyoke resident is $45,045 a year. The US average is $69,021 a year.