Leicester, MA Economy

Leicester, MA is a small city located in Worcester County with a population of just over 10,000. The cost of living in Leicester is slightly below the US average; 2 bedroom rent in Leicester is at $1,370 versus $1,430 for the US on average and grocery costs are 106 against 100 nationally. Local companies such as Leicester Veterinary Hospital, Superior Restoration Services Inc., and Valley Heating & Cooling LLC operate within the area providing employment opportunities to residents of Leicester. Overall, compared to other cities across the US, Leicester offers quality local services at a more affordable rate.

Leicester has an unemployment rate of 6.1%. The US average is 6.0%.

Leicester has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.

Tax Rates for Leicester
- The Sales Tax Rate for Leicester is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Leicester 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 Leicester
- The average income of a Leicester resident is $29,901 a year. The US average is $28,555 a year.
- The Median household income of a Leicester resident is $83,015 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Leicester, Massachusetts	United States
	6.1	6
	-8.4%	-6.2%
	37.6%	33.5%
	6.3%	6.2%
	5.1%	4.6%
	$37,653	$37,638
	$83,015	$69,021
	$104,744	$85,028
Population by Occupation
	0.3%	1.2%
	0.0%	0.5%
	5.9%	6.8%
	6.9%	10.0%
	3.1%	2.5%
	10.7%	11.0%
	6.2%	4.8%
	1.5%	0.8%
	1.1%	1.9%
	5.4%	4.7%
	2.1%	1.9%
	5.2%	7.6%
	0.2%	0.1%
	6.1%	4.2%
	12.8%	9.3%
	13.9%	14.0%
	2.8%	2.1%
	6.4%	7.0%
	5.1%	4.8%
	4.2%	4.7%