Canton, MA is a suburb of the greater Boston area. It is known for its friendly community and close proximity to shopping areas, parks, and excellent schools. Home to some of the biggest names in business, Canton offers strong employment opportunities with companies such as Dunkin Donuts, Stop & Shop, and TJX Companies Inc being based there. The cost of living in Canton is higher than the national average due mainly to its two bedroom rental costs which are $2,770 per month compared to the US average of $1,430 per month. Grocery Cost Index in Canton is also higher than the national average at 112 versus 100 in the US.
Canton has an unemployment rate of 5.4%. The US average is 6.0%.
Canton 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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $48,104 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $118,814 a year. The US average is $69,021 a year.