Monomoscoy Island, MA is a desirable place to live, offering many amenities and attractions. The cost of living in the area is higher than much of the rest of the country, with two bedroom rents averaging $2,100 compared to an average of $1,430 across the US. Additionally, according to the Grocery Cost Index, Monomoscoy Island is 8 points above the national average at 108. Despite these higher costs of living, locals can take advantage of many local businesses such as Monomoscoy Ice Cream Shoppe or Bayside Marina Restaurant. There are also several outdoor recreational activities available like fishing or boating on Nantucket Sound. In short, Monomoscoy Island provides its residents with quality amenities and plenty of entertainment options.
Monomoscoy Island has an unemployment rate of 9.0%. The US average is 6.0%.
Monomoscoy Island has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Monomoscoy Island
- The Sales Tax Rate for Monomoscoy Island is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Monomoscoy Island 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 Monomoscoy Island
- The average income of a Monomoscoy Island resident is $64,574 a year. The US average is $28,555 a year.
- The Median household income of a Monomoscoy Island resident is $81,563 a year. The US average is $69,021 a year.