The average Massachusettsan is taxed at a rate of 1.04% for property, a maximum of 5.10% for income and 6.25% for sales. Compared to the national averages Massachusetts earns a score of average for property taxes, average for income taxes and good 👍 for combined local and state sales tax. Quick links to regions of Massachusetts with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Massachusetts
Massachusetts has approximately 6,823,721 residents. A common term for people in Massachusetts is "Massachusite". Within this population there are around 71,168 births and 57,119 deaths per year. Approximately 71.4% of this population speaks English exclusively. Conversely, 1.1% of this population has no verbal English skill. On average, real estate listings in Massachusetts are on the market for 72 days. The Market Health Index for Massachusetts is 3.73. Middlesex is the wealthiest of all counties in Massachusetts. The least wealthy of all counties in Massachusetts is Hampden.
Daily state facts: Massachusetts was ranked in the bottom five for state-wide fiscal solvency by George Mason's Mercatus Center. This ranking is based on measures of cash, budget, long-term and trust fund solvency.
According to the Bureau of Labor Statistics, Massachusetts employment in August 2020 was 3,545,759, unemployment was 401,196 or 11.3% of total jobs.