Chilmark, MA is a small town on the Massachusetts Island of Martha's Vineyard. It is a popular vacation destination due to its pristine beaches and coastal views. The cost of living is higher than in other parts of the US, with an average two bedroom rent of $3,970 compared to the US average of $1,430. The grocery cost index in Chilmark is 122 versus 100 in the US. Local businesses include Menemsha Fish Market which sells fresh fish daily as well as Vineyard Deli & Donuts offering breakfast and lunch options for locals and visitors alike. Chilmark also has several art galleries featuring local artists such as Alison Shaw Photography and Ravenswood Studios.
Chilmark has an unemployment rate of 7.5%. The US average is 6.0%.
Chilmark has seen the job market decrease by -5.7% 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 Chilmark
- The Sales Tax Rate for Chilmark is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Chilmark is 5.1%. The US average is 4.6%.
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Income and Salaries for Chilmark
- The average income of a Chilmark resident is $64,598 a year. The US average is $37,638 a year.
- The Median household income of a Chilmark resident is $104,716 a year. The US average is $69,021 a year.