Turners Falls, MA is a town located in Franklin County with an approximate population of 4,500 people. The median rent for a 2 bedroom in Turners Falls is $1,210 which is lower than the US median rent of $1,430 for the same type of housing. The Grocery Cost Index in Turners Falls is higher than the US average at 105 versus 100. The median home price for Turners Falls is $204,100 which is similar to the US average according to Zillow. Turners Falls has many local companies that make up their economy such as Turner Paper Company Inc., Great River Hydro LLC, and Knowledge Foundry Inc. All these companies contribute to the economic well-being of the community.
Turners Falls has an unemployment rate of 5.9%. The US average is 6.0%.
Turners Falls has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Turners Falls
- The Sales Tax Rate for Turners Falls is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Turners Falls 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 Turners Falls
- The average income of a Turners Falls resident is $24,248 a year. The US average is $28,555 a year.
- The Median household income of a Turners Falls resident is $44,177 a year. The US average is $69,021 a year.