Zip 01022 (Chicopee, MA) Economy


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The rental market in 01022 Chicopee, MA is slightly more expensive than the national average. A two bedroom apartment typically costs around $1,690 a month. However, grocery costs are similar to those of the country as a whole, with an index of 103 versus 100 in the US.
0102 Chicopee offers many local businesses that cater to its diverse population. The area is home to companies such as Valley Steel Supply Co., River Valley Market, and Standish Steel Fabricators. These companies offer a variety of services ranging from food delivery and steel supply to fabrications and custom metal work. Residents of 0102 Chicopee can also enjoy dining and shopping experiences at restaurants such as the Old Forge Restaurant & Pub and stores like K-Mart Supercenter.

Chicopee (zip 01022) has an unemployment rate of 8.1%. The US average is 6.0%.

Chicopee (zip 01022) 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 32.0%, which is lower than the US average of 33.5%.

Tax Rates for Chicopee (zip 01022)
- The Sales Tax Rate for Chicopee (zip 01022) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chicopee (zip 01022) 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 01022)
- The average income of a Chicopee (zip 01022) resident is $31,004 a year. The US average is $28,555 a year.
- The Median household income of a Chicopee (zip 01022) resident is $50,134 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChicopee, MassachusettsUnited States
  8.16
  -9.4%-6.2%
  32.0%33.5%
  6.3%6.2%
  5.1%4.6%
  $31,051$37,638
  $50,134$69,021
  $58,650$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.5%6.8%
  5.7%10.0%
  1.8%2.5%
  4.8%11.0%
  1.3%4.8%
  0.0%0.8%
  4.5%1.9%
  2.4%4.7%
  2.0%1.9%
  4.8%7.6%
  0.0%0.1%
  2.2%4.2%
  15.1%9.3%
  19.5%14.0%
  1.5%2.1%
  17.9%7.0%
  3.7%4.8%
  6.2%4.7%
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