Marblehead, MA Economy


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Marblehead, MA is a beautiful coastal town located in the north of Massachusetts. It is a great destination for those looking to enjoy the beach and take part in outdoor activities. Rent for two bedrooms in Marblehead is higher than the US national average, with prices at around $2,500. Additionally, grocery costs are more expensive than the US index as it stands at 113 versus 100 nationwide. Popular local companies include Harrington & Company Insurance, Cronin Associates Real Estate, and Marblehead Harbor Yacht Club. All provide excellent services to residents and tourists alike who are looking to enjoy all that Marblehead has to offer.

Marblehead has an unemployment rate of 7.4%. The US average is 6.0%.

Marblehead 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 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Marblehead
- The Sales Tax Rate for Marblehead is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Marblehead 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 Marblehead
- The average income of a Marblehead resident is $59,585 a year. The US average is $28,555 a year.
- The Median household income of a Marblehead resident is $154,049 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMarblehead, MassachusettsUnited States
  7.46
  -9.4%-6.2%
  38.7%33.5%
  6.3%6.2%
  5.1%4.6%
  $81,072$37,638
  $154,049$69,021
  $193,086$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.9%6.8%
  5.3%10.0%
  1.7%2.5%
  8.2%11.0%
  3.2%4.8%
  1.2%0.8%
  3.7%1.9%
  9.3%4.7%
  2.7%1.9%
  17.1%7.6%
  0.0%0.1%
  3.5%4.2%
  7.6%9.3%
  16.0%14.0%
  4.0%2.1%
  2.8%7.0%
  3.8%4.8%
  2.7%4.7%
Reviews for Marblehead
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Over 6 years ago

From a life long resident... the selfish yuppies, coked out realtors and well connected pot smokers have taken over the town.  More

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Over 6 years ago

I have been to every state except Alaska and can say Marblehead is the nicest places to live. However, there are two big cons. 1. Is the unequal way properties are  More

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