02554 Nantucket, MA is a desirable area for renters due to its accessible two bedroom rental cost of $5,230. This is compared to the US average of $1,430 and much lower than other areas in Massachusetts. The grocery cost index in this area is also higher than the US average at 123 versus 100. There are many local businesses that cater to the needs of residents such as Fair Wind Sailing Charters which offers sailing tours and lessons, Great Point Properties which specializes in luxury real estate services, and Cedar Tree Restaurant which serves breakfast, lunch and dinner. Each of these companies provide great services that benefit residents in 02554 Nantucket, MA.
Nantucket (zip 02554) has an unemployment rate of 14.8%. The US average is 6.0%.
Nantucket (zip 02554) has seen the job market decrease by -5.7% 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 Nantucket (zip 02554)
- The Sales Tax Rate for Nantucket (zip 02554) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Nantucket (zip 02554) 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 Nantucket (zip 02554)
- The average income of a Nantucket (zip 02554) resident is $52,619 a year. The US average is $37,638 a year.
- The Median household income of a Nantucket (zip 02554) resident is $116,470 a year. The US average is $69,021 a year.