Holyoke, MA 01040 is an ideal place for families to settle down. It has a variety of housing options, with the average two-bedroom rent being $1,160 compared to the US average of $1,430. Additionally, the cost of groceries is only 105 versus 100 in the US. The area offers a range of amenities and recreational activities such as the Holyoke Mall and many parks including Lathrop Park and Jones Ferry Park. Residents can also enjoy great shopping at local stores such as Big Y Supermarket or Stop & Shop. There is a vibrant economy in Holyoke with businesses like Baystate Medical Center, Peoples United Bank and Stanley Black & Decker providing jobs to many locals.
Holyoke (zip 01040) has an unemployment rate of 9.9%. The US average is 6.0%.
Holyoke (zip 01040) 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 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Holyoke (zip 01040)
- The Sales Tax Rate for Holyoke (zip 01040) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Holyoke (zip 01040) 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 Holyoke (zip 01040)
- The average income of a Holyoke (zip 01040) resident is $21,671 a year. The US average is $28,555 a year.
- The Median household income of a Holyoke (zip 01040) resident is $45,045 a year. The US average is $69,021 a year.