Wenham, MA is a great place to live due to its small-town charm and close proximity to Boston. The rent for a two-bedroom apartment is $2,180 which is significantly higher than the US average of $1,430. Also, the Grocery Cost Index in Wenham is 113 versus 100 in the US. This indicates that Wenham has a higher cost of living compared to other towns. Local businesses such as Hamilton Hardware Co., Wenham Tea House, and Tedeschi Food Shops are located throughout town offering high-quality goods for residents. All in all, Wenham is an ideal place for those who want to have easy access to the city while still enjoying a close-knit community.
Wenham has an unemployment rate of 3.6%. The US average is 6.0%.
Wenham 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 Wenham
- The Sales Tax Rate for Wenham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wenham 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 Wenham
- The average income of a Wenham resident is $45,202 a year. The US average is $28,555 a year.
- The Median household income of a Wenham resident is $154,375 a year. The US average is $69,021 a year.