Ipswich, MA is a small town located in Essex County. The 2 Bedroom Rent in the area is $2,200, which is quite a bit higher than the US average of $1,430. The Grocery Cost Index in Ipswich is 111 compared to the index of 100 in the US. There are plenty of local businesses for residents to enjoy such as; Blythwood Home & Garden, Specialty Butchers & Meats, Danvers Fence Company and Mill Pond Construction. These businesses provide a great range of services from home and garden supplies, fresh meat and seafood, fencing and construction services. Shopping locally also helps support these businesses and keep them thriving.
Ipswich (zip 01938) has an unemployment rate of 7.4%. The US average is 6.0%.
Ipswich (zip 01938) 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 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Ipswich (zip 01938)
- The Sales Tax Rate for Ipswich (zip 01938) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Ipswich (zip 01938) 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 Ipswich (zip 01938)
- The average income of a Ipswich (zip 01938) resident is $43,461 a year. The US average is $28,555 a year.
- The Median household income of a Ipswich (zip 01938) resident is $111,701 a year. The US average is $69,021 a year.