Charlton, MA is a small town located in Worcester County. It has a population of around 12,000 people and provides an affordable cost of living compared to other parts of the US. The average 2 bedroom rent in Charlton is $1,470 while the US is slightly lower at $1,430 according to Forbes magazine. Additionally, the Grocery Cost Index in Charlton is 107 versus the national average of 100.
Charlton, MA is home to several local businesses that drive its economic stability including Charlton Orchards, who produce apples and peaches for much of New England. Other companies include Charlton Auto Center which specializes in car repair and sales, Harmony Golf Club located on the west side of town and Rob’s Country Store which offers a variety of items from crafts to general merchandise.
Charlton has an unemployment rate of 5.7%. The US average is 6.0%.
Charlton 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Charlton
- The Sales Tax Rate for Charlton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Charlton 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 Charlton
- The average income of a Charlton resident is $34,728 a year. The US average is $28,555 a year.
- The Median household income of a Charlton resident is $106,558 a year. The US average is $69,021 a year.