South Hadley, MA is a small town located near the Connecticut River in Massachusetts. It is known for its quality schools, many parks, recreational activities, and numerous local businesses. Notable local companies include Berkley & Co., South Hadley Bead Company, and KJ's Coffee House. The cost of living in South Hadley is slightly below the US average. Rent for a two-bedroom apartment in South Hadley is $1,160, while the US 2 Bedroom Rent average is $1,430. Furthermore, groceries are slightly cheaper in South Hadley with an index of 106 compared to 100 in the US; indicating that goods tend to be 6% more expensive on average elsewhere throughout the nation.
South Hadley has an unemployment rate of 6.3%. The US average is 6.0%.
South Hadley has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for South Hadley
- The Sales Tax Rate for South Hadley is 6.3%. The US average is 7.3%.
- The Income Tax Rate for South Hadley 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 South Hadley
- The average income of a South Hadley resident is $31,228 a year. The US average is $28,555 a year.
- The Median household income of a South Hadley resident is $82,278 a year. The US average is $69,021 a year.