Leverett, MA Economy


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United States / Massachusetts / No Metro Area / Franklin County / Leverett / Zip Codes
Leverett, MA is a small town located in central Massachusetts. It has a population of around 1,600 people and is situated close to major cities such as Springfield and Northampton. The area is filled with beautiful sights, which make it a popular destination for locals and tourists alike. Renting a two-bedroom apartment in Leverett can be expensive compared to the US average rate as it costs $1,830 per month. Additionally, the grocery cost index in Leverett stands at 109 versus 100 in the US. Despite being more expensive than other parts of the country, there are plenty of local businesses that help to make living in Leverett pleasant and affordable. These include companies such as the Old Creamery Co-op, Greenfield Savings Bank, and Worthy Burgers - all offering excellent services and products at reasonable prices. All things considered, Leverett offers an ideal lifestyle with its beautiful scenery and convenient cost of living options for residents.

Leverett has an unemployment rate of 5.0%. The US average is 6.0%.

Leverett has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Leverett
- The Sales Tax Rate for Leverett is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Leverett 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 Leverett
- The average income of a Leverett resident is $43,596 a year. The US average is $28,555 a year.
- The Median household income of a Leverett resident is $97,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLeverett, MassachusettsUnited States
  56
  -9.4%-6.2%
  36.1%33.5%
  6.3%6.2%
  5.1%4.6%
  $55,346$37,638
  $97,188$69,021
  $103,375$85,028
  Population by Occupation
  2.3%1.2%
  0.0%0.5%
  8.4%6.8%
  5.0%10.0%
  0.0%2.5%
  8.8%11.0%
  3.3%4.8%
  0.3%0.8%
  2.0%1.9%
  1.9%4.7%
  0.1%1.9%
  9.1%7.6%
  0.0%0.1%
  0.9%4.2%
  22.3%9.3%
  17.8%14.0%
  4.7%2.1%
  5.1%7.0%
  3.7%4.8%
  4.1%4.7%
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