02557 Oak Bluffs, MA is a beautiful island town located off the coast of Cape Cod. The town is known for its picturesque scenery, local businesses and inviting community atmosphere. The cost of living in Oak Bluffs is higher than the US average; 2 bedroom rent averages $4,560 compared to $1,430 in the US while the Grocery Cost Index stands at 113 versus 100 in the US. Local businesses on Oak Bluffs include Sweet Life Bakery, which serves delicious sourdough bread and pastries; Cottage City Oyster Co., which sells fresh seafood to locals and visitors alike; and Island Alpaca Company, which offers alpaca products like yarn made from local alpacas. As a whole, 02557 Oak Bluffs is an ideal place to escape the hustle and bustle of big city living while still having access to modern conveniences like shops and restaurants.
Oak Bluffs (zip 02557) has an unemployment rate of 10.3%. The US average is 6.0%.
Oak Bluffs (zip 02557) 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 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Oak Bluffs (zip 02557)
- The Sales Tax Rate for Oak Bluffs (zip 02557) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Oak Bluffs (zip 02557) 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 Oak Bluffs (zip 02557)
- The average income of a Oak Bluffs (zip 02557) resident is $31,955 a year. The US average is $28,555 a year.
- The Median household income of a Oak Bluffs (zip 02557) resident is $67,703 a year. The US average is $69,021 a year.