01922 Byfield, MA is a small town situated in Essex County. It has a population of 1,524 people according to the latest statistics. The cost of living here is moderate and two-bedroom apartments rent for $2,230 on average—which is slightly higher than the US average of $1,430. In terms of grocery cost index, Byfield stands at 111 versus 100 in the US which signify higher grocery costs compared to other regions in America.
The local economy of Byfield, MA is mainly driven by small businesses such as E & L Farm Supply Company, New England Farm Equipment Co., and East Coast Saws & Blades Inc. These companies have been providing products and services to the local community for many years.
Byfield (zip 01922) has an unemployment rate of 7.4%. The US average is 6.0%.
Byfield (zip 01922) 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 Byfield (zip 01922)
- The Sales Tax Rate for Byfield (zip 01922) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Byfield (zip 01922) 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 Byfield (zip 01922)
- The average income of a Byfield (zip 01922) resident is $44,153 a year. The US average is $28,555 a year.
- The Median household income of a Byfield (zip 01922) resident is $193,667 a year. The US average is $69,021 a year.