01002 Amherst Center, MA is a prime location for those looking for an affordable living situation. The average rent in this area for a two-bedroom apartment is $1,620, which is significantly lower than the US average of $1,430. This makes it an ideal spot for budget-conscious college students and young professionals alike. Moreover, the Grocery Cost Index in this area is 109 compared to 100 in the US, which means that prices are relatively low here as well.
When it comes to amenities and attractions, 01002 Amherst Center has plenty to offer. Local companies such as Yankee Candle Village provide unique shopping experiences and entertainment opportunities while local breweries like Fort Hill Brewery have become popular hangout spots among locals and visitors alike. In addition, the area is home to several educational institutions such as Hampshire College and UMass Amherst University that make this an ideal place for families with children or aspiring students wishing to further their education.
Amherst Center (zip 01002) has an unemployment rate of 3.8%. The US average is 6.0%.
Amherst Center (zip 01002) 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 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Amherst Center (zip 01002)
- The Sales Tax Rate for Amherst Center (zip 01002) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Amherst Center (zip 01002) 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 Amherst Center (zip 01002)
- The average income of a Amherst Center (zip 01002) resident is $26,668 a year. The US average is $28,555 a year.
- The Median household income of a Amherst Center (zip 01002) resident is $65,013 a year. The US average is $69,021 a year.