Economy in Weymouth Town, MA

Weymouth Town, MA is an ideal location to live and work. It offers a variety of housing options with competitive rent rates such as the two-bedroom which averages around $2,350, lower than the US average of $1,430. Residents also benefit from low prices on groceries due to the Grocery Cost Index being 108 compared to the national average of 100. Popular local companies include South Shore Hospital, South Shore YMCA, S & S Distributors Inc., and Weymouth Dartmouth Veterinary Hospital. These businesses provide jobs and services that enrich the community and make it a great place to live.

Weymouth Town has an unemployment rate of 5.8%. The US average is 6.0%.

Weymouth Town has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.

Tax Rates for Weymouth Town
- The Sales Tax Rate for Weymouth Town is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Weymouth Town 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 Weymouth Town
- The average income of a Weymouth Town resident is $35,162 a year. The US average is $28,555 a year.
- The Median household income of a Weymouth Town resident is $91,592 a year. The US average is $69,021 a year.