01985 West Newbury, MA is a small town situated in Essex County in Massachusetts. Its population is estimated to be around 7,000 people, making it an ideal place for those looking for a quiet and peaceful environment. The 2 bedroom rent in this area is significantly higher than the national average at $2,380 per month. Despite the higher rental prices, other costs such as groceries are only slightly more expensive compared to other parts of the US. For instance, the Grocery Cost Index in 01985 West Newbury is 112 versus 100 in the US on average.
It's no surprise that many locals choose to stay here thanks to its affordable amenities and smaller population size. There are many local companies that contribute to this town's thriving economy such as Nancy’s Airfield Cafe, West Newbury Transportation Inc., and River Road Farms LLC. All of these businesses serve their purpose within this community by providing basic necessities and services that can help make life easier for residents living here. In conclusion, it's clear that the cost of living in 01985 West Newbury is slightly more expensive than other parts of the US but still provides plenty of value for those seeking a quieter area to live in with lots of amenities nearby.
West Newbury (zip 01985) has an unemployment rate of 7.4%. The US average is 6.0%.
West Newbury (zip 01985) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for West Newbury (zip 01985)
- The Sales Tax Rate for West Newbury (zip 01985) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for West Newbury (zip 01985) 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 West Newbury (zip 01985)
- The average income of a West Newbury (zip 01985) resident is $52,373 a year. The US average is $28,555 a year.
- The Median household income of a West Newbury (zip 01985) resident is $164,250 a year. The US average is $69,021 a year.