Newbury, MA is an attractive place to live with its high-end rental prices and cost of living. The average two bedroom rent in Newbury is $2,210 while the national average is only $1,430, making it one of the most expensive places to live in the US. The Grocery Cost Index for Newbury is also higher than the national average at 111 versus 100. There are plenty of activities and companies to enjoy in Newbury such as local restaurants like Oliva’s Kitchen and Argia’s Restaurant, parks like Maudslay State Park, art galleries like Local Color Gallery and outdoor activities such as kayaking on Lake Attitash.
Newbury has an unemployment rate of 5.7%. The US average is 6.0%.
Newbury 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 Newbury
- The Sales Tax Rate for Newbury is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newbury 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 Newbury
- The average income of a Newbury resident is $46,163 a year. The US average is $28,555 a year.
- The Median household income of a Newbury resident is $152,356 a year. The US average is $69,021 a year.