Northampton, MA (01062) is a popular area for living in the United States. The average two bedroom rent in Northampton is $1,290, which is lower than the national average of $1,430. Additionally, grocery costs in Northampton are 8% higher than the US average. Northampton is home to many great local companies such as Smith College, MassMutual Financial Group, and Silversource Inc., all of which provide employment opportunities for those looking to stay in the area long-term. Additionally, the city has many restaurants and retail stores that serve the local community. With its diverse range of businesses and affordable housing prices, Northampton makes for an ideal place to live.
Northampton (zip 01062) has an unemployment rate of 4.5%. The US average is 6.0%.
Northampton (zip 01062) has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Northampton (zip 01062)
- The Sales Tax Rate for Northampton (zip 01062) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Northampton (zip 01062) 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 Northampton (zip 01062)
- The average income of a Northampton (zip 01062) resident is $40,954 a year. The US average is $28,555 a year.
- The Median household income of a Northampton (zip 01062) resident is $78,526 a year. The US average is $69,021 a year.