01950 Newburyport, MA is an attractive rental location for those looking for a smaller city feel with big city amenities. The 2 bedroom rent for 01950 Newburyport, MA is $2,220 per month which may seem higher than the US rate of $1,430, but the area also boasts a Grocery Cost Index of 111 versus 100 in the US. This means that grocery costs are about 11% higher than the national average.
01950 Newburyport has many businesses that locals can take advantage of. Notable companies include Port City Architectural Signs which focuses on custom signs and graphics, Plum Island Coffee Roasters which offers locally roasted coffee beans along with pastries and sandwiches, and Atlantic Fire Protection which provides fire safety services to commercial and residential customers in the area.
Newburyport (zip 01950) has an unemployment rate of 4.8%. The US average is 6.0%.
Newburyport (zip 01950) has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Newburyport (zip 01950)
- The Sales Tax Rate for Newburyport (zip 01950) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Newburyport (zip 01950) 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 Newburyport (zip 01950)
- The average income of a Newburyport (zip 01950) resident is $48,428 a year. The US average is $28,555 a year.
- The Median household income of a Newburyport (zip 01950) resident is $115,807 a year. The US average is $69,021 a year.