Zip 01516 (Douglas, MA) Economy


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01516 Douglas, MA is an area that has a median two-bedroom rental rate of $1,530 per month. This is slightly higher than the national average of $1,430. It also has a grocery cost index of 107 compared to the US average of 100. This makes it a relatively expensive place to live. The area includes several well known companies such as GAF Materials Corporation, Doherty Staffing Solutions and 9th Ave Tours & Travel Inc. There is also a wide range of small businesses in the area that provide goods and services such as retail stores, restaurants and professional services. All these businesses make 01516 Douglas, MA an attractive destination for people looking for employment and leisure activities.

Douglas (zip 01516) has an unemployment rate of 6.7%. The US average is 6.0%.

Douglas (zip 01516) 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 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Douglas (zip 01516)
- The Sales Tax Rate for Douglas (zip 01516) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Douglas (zip 01516) 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 Douglas (zip 01516)
- The average income of a Douglas (zip 01516) resident is $34,975 a year. The US average is $28,555 a year.
- The Median household income of a Douglas (zip 01516) resident is $133,854 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDouglas, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $50,832$37,638
  $133,854$69,021
  $144,694$85,028
  Population by Occupation
  0.4%1.2%
  0.3%0.5%
  6.3%6.8%
  13.5%10.0%
  4.2%2.5%
  11.1%11.0%
  5.7%4.8%
  2.5%0.8%
  1.5%1.9%
  7.6%4.7%
  2.0%1.9%
  7.9%7.6%
  0.0%0.1%
  1.4%4.2%
  10.0%9.3%
  13.2%14.0%
  2.4%2.1%
  5.1%7.0%
  2.2%4.8%
  2.8%4.7%
Health