01860 Merrimac, MA is a great place to live with an affordable cost of living. 2 bedroom rent in this area averages at $2,250 per month, which is significantly lower than the US average of $1,430 per month. The Grocery Cost Index in 01860 Merrimac is 108, meaning that groceries are 8% more expensive than in the national average. However, there are a number of local businesses that make shopping affordable and convenient. For example, Market Basket operates several stores located throughout 01860 Merrimac, providing shoppers with quality products at competitive prices. There is also the Merrimack Supermarket which offers fresh produce and other groceries for reasonable costs. Additionally, many large chain stores such as Walmart have locations in the area and provide excellent value for money on everyday items. All these local companies contribute to a balanced cost of living in 01860 Merrimac, MA and make it an attractive place to live despite its relatively high grocery costs compared to the rest of the country.
Merrimac (zip 01860) has an unemployment rate of 7.4%. The US average is 6.0%.
Merrimac (zip 01860) 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 Merrimac (zip 01860)
- The Sales Tax Rate for Merrimac (zip 01860) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Merrimac (zip 01860) 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 Merrimac (zip 01860)
- The average income of a Merrimac (zip 01860) resident is $36,308 a year. The US average is $28,555 a year.
- The Median household income of a Merrimac (zip 01860) resident is $88,832 a year. The US average is $69,021 a year.