Woburn, MA is a city located in Middlesex County which is home to several businesses such as Raytheon Technologies, Summit Partners, Benchmark Electronics, Staples and other well-known companies. Compared to other cities across the United States, Woburn has a higher cost of living with a Grocery Cost Index of 110 versus 100 in the US. The rent for a two bedroom apartment in Woburn is $2,750 while the national average rent for a two bedroom apartment is only $1,430. This means that rent in Woburn is 92% more expensive than rent nationally.
Woburn has an unemployment rate of 5.7%. The US average is 6.0%.
Woburn 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 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Woburn
- The Sales Tax Rate for Woburn is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Woburn 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 Woburn
- The average income of a Woburn resident is $35,767 a year. The US average is $28,555 a year.
- The Median household income of a Woburn resident is $95,184 a year. The US average is $69,021 a year.