Quincy, MA is a city located in the eastern part of the state, just south of Boston. It offers residents an affordable cost of living with 2 bedroom rents averaging $2,550 per month compared to the US average of $1,430. Grocery costs in Quincy are also lower than the national average with an index of 109 versus 100 in the US. As an added bonus to those looking to settle into this area, many large companies have opened offices here including State Street Corporation, Dunkin' Brands and Stop & Shop. There are also many smaller businesses that call Quincy home such as The Koopa Troopas Music Group and Thud Creative Agency. With its lower-than-average costs and diverse business landscape, it's no surprise that Quincy has become a desirable place for people to live and work.
Quincy has an unemployment rate of 7.2%. The US average is 6.0%.
Quincy has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Quincy
- The Sales Tax Rate for Quincy is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Quincy 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 Quincy
- The average income of a Quincy resident is $33,932 a year. The US average is $28,555 a year.
- The Median household income of a Quincy resident is $85,041 a year. The US average is $69,021 a year.