Lunenburg, MA is an idyllic town located in the northeast of Massachusetts. It's a small community with plenty of charm and plenty to do. The cost of living is a bit higher than the US average—rent for a two bedroom apartment would be around $2120 per month compared to the national average of $1430. Groceries are also more expensive due to the index rating being 107 instead of 100. The town boasts several local businesses including Lunenburg Bakery, Lunenburg Corner Store, and Lunenburg Hardware & Lumber. There are also plenty of recreational activities such as golfing at Pinecrest Golf Course or boating at Lake Whalom. All in all, Lunenburg offers its residents a great quality of life with access to many amenities all while still offering an affordable cost of living.
Lunenburg has an unemployment rate of 6.7%. The US average is 6.0%.
Lunenburg has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Lunenburg
- The Sales Tax Rate for Lunenburg is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lunenburg 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 Lunenburg
- The average income of a Lunenburg resident is $36,208 a year. The US average is $28,555 a year.
- The Median household income of a Lunenburg resident is $101,205 a year. The US average is $69,021 a year.