Zip 01247 (North Adams, MA) Economy


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The city of North Adams, MA is a small city with a population of around 13,000. It is located in the Berkshires and is known for its historic homes, cultural attractions, and outdoor recreation opportunities. It's also a great place for anyone looking for an affordable place to live. The median 2 bedroom rent in North Adams stands at $1,300 per month, about 10% lower than the US average of $1,430. The Cost of Living Index in North Adams is 99 which is slightly lower than the US figure of 100.
The city has many local companies such as Greylock Federal Credit Union that offers financial services and Massachusetts College of Liberal Arts which provides higher educational opportunities. There are also plenty of local restaurants and shops such as Bright Ideas Brewing and Freight Yard Pub & Restaurant where you can enjoy some delicious food and drinks. In addition to this, there are several other activities such as hiking trails at Mount Greylock State Reservation or visiting the Mass MoCA art museum that visitors can enjoy in North Adams. All of these factors make it an attractive place to live with a cost of living index that won't break your budget.

North Adams (zip 01247) has an unemployment rate of 8.9%. The US average is 6.0%.

North Adams (zip 01247) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.

Tax Rates for North Adams (zip 01247)
- The Sales Tax Rate for North Adams (zip 01247) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for North Adams (zip 01247) 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 North Adams (zip 01247)
- The average income of a North Adams (zip 01247) resident is $32,189 a year. The US average is $37,638 a year.
- The Median household income of a North Adams (zip 01247) resident is $51,959 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Adams, MassachusettsUnited States
  Population by Occupation

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