Chicopee, MA is a city located in Hampden County. It has a population of 55,298 and is the second largest city in the county. The 2 bedroom rent in this area is $1,220, which is significantly lower than the US average of $1,430. Additionally, Chicopee residents benefit from a lower grocery cost index compared to the rest of the US at 105. Notable companies based in Chicopee include Westover Air Reserve Base, IDEXX Laboratories, and L3 Technologies. Together with many other local businesses and industries, these large companies provide numerous jobs to the Chicopee community.
Chicopee (zip 01020) has an unemployment rate of 8.1%. The US average is 6.0%.
Chicopee (zip 01020) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Chicopee (zip 01020)
- The Sales Tax Rate for Chicopee (zip 01020) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chicopee (zip 01020) 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 Chicopee (zip 01020)
- The average income of a Chicopee (zip 01020) resident is $32,242 a year. The US average is $37,638 a year.
- The Median household income of a Chicopee (zip 01020) resident is $61,963 a year. The US average is $69,021 a year.