Lee, MA is a small town in the western part of Massachusetts with a population of less than 5,000. It’s known for its rural charm, stunning scenery, and proximity to the Berkshires. The median 2-bedroom rental cost in Lee is $1,550 per month, which is slightly higher than the national average of $1,430. Grocery costs are also higher in Lee due to its distance from major cities and its location close to New York state. The Grocery Cost Index in Lee is 105 compared to 100 nationally.
The small size of the town has not prevented Lee from becoming an important commercial hub within the region. Local companies include Prime Engineering Solutions, Switchback Brewing Co., Flo Design Systems Inc., L&T Precision Components Corp., and Lee Auto Mall. Industries that are important to the area include software development, auto sales & repair services, manufacturing & fabrication services, craft brewing and agriculture.
Lee has an unemployment rate of 8.0%. The US average is 6.0%.
Lee has seen the job market increase by 1.9% 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 Lee
- The Sales Tax Rate for Lee is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lee 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 Lee
- The average income of a Lee resident is $33,023 a year. The US average is $28,555 a year.
- The Median household income of a Lee resident is $73,750 a year. The US average is $69,021 a year.