Salary & Cost of Living in Holyoke, MA
Holyoke, MA: $70,225 median salary, cost of living index 131.6, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$70,225
$34/hr
Cost of Living
131.6
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.2%
rate
Holyoke, MA Overview
Population
40,341
Median Salary
$70,225
Average Salary
$78,652
Avg Commute
18 min
Median Home Price
$588,000
Median Rent
$2,372/mo
Job Growth
+0.9%
Sales Tax
6.25%
Holyoke is located in Massachusetts with a population of 40,341. The median household salary is $70,225 per year ($34/hour), which is $10,841 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +0.9%.
Holyoke Salary by Experience Level (2026)
Wage distribution in Holyoke, MA based on BLS percentile breakdown of the $70,225 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $43,540 | $20.93/hr | 0–2 years |
| Mid-Level (Median) | $70,225 | $33.76/hr | 3–7 years |
| Senior-Level | $99,720 | $47.94/hr | 8–15 years |
| Top 10% (90th Percentile) | $125,001 | $60.09/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Holyoke Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Holyoke, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$54,278
$4,523.17/month · $2,087.62/biweekly · Effective Rate: 22.7%
Gross Pay
$70,225
Federal Tax
-$7,064
State Tax
-$3,511
Local Tax
$0
FICA
-$5,372
Net Pay
$54,278
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,852.08 | $70,225.00 |
| Federal Income Tax | -$588.63 | -$7,063.50 |
| Massachusetts State Tax (5%) | -$292.60 | -$3,511.25 |
| Social Security (6.2%) | -$362.83 | -$4,353.95 |
| Medicare (1.45%) | -$84.86 | -$1,018.26 |
| Net Take-Home Pay | $4,523.17 | $54,278.04 |
Salary Comparison: Holyoke vs Other Cities
See how Holyoke's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Holyoke, MA | $70,225 | 131.6 | $53,362 |
| National Average | $59,384 | 100 | $59,384 |
| Westfield, MA | $70,227 | 132.2 | $53,122 |
| Davis, CA | $70,210 | 156.9 | $44,748 |
| Foster City, CA | $70,209 | 153.1 | $45,858 |
| Lakewood, CO | $70,200 | 110 | $63,818 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Holyoke
Holyoke's cost of living index is 131.6 (national average = 100). Living in Holyoke is 31.599999999999994% more expensive than the national average.
Median Home Price
$588,000
Median Monthly Rent
$2,372
Annual Rent Cost
$28,464
Your Salary's Purchasing Power
Your $54,278 annual take-home pay in Holyoke has the purchasing power of approximately $41,245 in an average-cost US area. You would need to earn $92,416 in Holyoke to match a $70,225 salary in an average-cost city.
Top Industries in Holyoke
Holyoke's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $70,225.
Salary Tips for Holyoke Workers
- Negotiate for cost of living. Holyoke has a cost of living 31.599999999999994% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Research top industries. Holyoke's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $70,225 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Holyoke, MA?
The median salary in Holyoke, MA is $70,225 per year, or $34 per hour. The average salary is $78,652. This is $10,841 above the national median of $59,384.
What is the cost of living in Holyoke, MA?
Holyoke's cost of living index is 131.6 (national average = 100), meaning it is 31.599999999999994% more expensive compared to the national average. The median home price is $588,000 and the median monthly rent is $2,372.
What are the best industries in Holyoke?
The top industries in Holyoke, MA include Biotech, Education, Finance. The city has a job growth rate of 0.9% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $70,225.
How does Holyoke's salary compare to other cities?
Holyoke's median salary of $70,225 is 18.3% above the national median of $59,384. However, when adjusted for cost of living (index: 131.6), the real purchasing power is approximately $53,362.
What is the minimum wage in Holyoke, MA?
The minimum wage in Holyoke, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.