Nahant, MA is a small town located in Essex County with an estimated population of 3,410. This coastal community has a 2 Bedroom Rent of around $2,350 – slightly more than the US average of $1,430. The Grocery Cost Index in Nahant is 113 versus 100 in the US. In terms of economic activity, Nahant is home to numerous local businesses such as EOS Technologies Inc., Charles C Lee Real Estate & Insurance, and Pappas Marine Service Inc. These companies are not only great sources of employment for locals but they also help to contribute to the local economy.
Nahant (zip 01908) has an unemployment rate of 7.4%. The US average is 6.0%.
Nahant (zip 01908) 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 Nahant (zip 01908)
- The Sales Tax Rate for Nahant (zip 01908) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Nahant (zip 01908) 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 Nahant (zip 01908)
- The average income of a Nahant (zip 01908) resident is $42,117 a year. The US average is $28,555 a year.
- The Median household income of a Nahant (zip 01908) resident is $99,456 a year. The US average is $69,021 a year.