Zip 01342 (Deerfield, MA) Economy


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United States / Massachusetts / No Metro Area / Franklin County / No City / Deerfield (zip 01342)
01342 Deerfield, MA is an attractive destination for those looking for a relatively low cost of living. The average 2 Bedroom rent in 01342 Deerfield, MA is $1,260 compared to the US average of $1,430. In addition to lower housing costs, food prices also tend to be cheaper than the national average in 01342 Deerfield, MA; its grocery cost index is 108 versus 100 in the US. Numerous local businesses serve 01342 Deerfield, MA’s residents providing goods and services such as Hebert Home Inspection LLC and Brown Sugar Beauty Salon. Those looking for a lower cost of living should consider relocating to 01342 Deerfield, MA.

Deerfield (zip 01342) has an unemployment rate of 5.9%. The US average is 6.0%.

Deerfield (zip 01342) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Deerfield (zip 01342)
- The Sales Tax Rate for Deerfield (zip 01342) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Deerfield (zip 01342) 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 Deerfield (zip 01342)
- The average income of a Deerfield (zip 01342) resident is $49,298 a year. The US average is $28,555 a year.
- The Median household income of a Deerfield (zip 01342) resident is $99,732 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeerfield, MassachusettsUnited States
  5.96
  -7.8%-6.2%
  36.1%33.5%
  6.3%6.2%
  5.1%4.6%
  $34,693$37,638
  $99,732$69,021
  $115,260$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  2.5%6.8%
  2.3%10.0%
  8.5%2.5%
  12.2%11.0%
  3.7%4.8%
  4.5%0.8%
  0.0%1.9%
  1.7%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  38.3%9.3%
  11.8%14.0%
  2.1%2.1%
  2.1%7.0%
  5.6%4.8%
  0.0%4.7%
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