Dracut, MA is a small town located in Middlesex county with a close-knit community. It is a great place to live with plenty of opportunities for entertainment and activities. Local companies in Dracut include Santander Bank, Lowell Five Cent Savings Bank, Dracut Ambulance and Fire Department, Summer Fun Daycare Center, and Jack's Auto Repair. The cost of renting a two bedroom apartment is significantly higher in Dracut than the national average. In Dracut, the average rent for a two bedroom apartment is $1,910 per month while that same apartment would only cost around $1,430 per month across the country. Furthermore, grocery costs are slightly above the national index at 107 versus 100 nationally.
Dracut has an unemployment rate of 6.4%. The US average is 6.0%.
Dracut 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 42.6%, which is higher than the US average of 33.5%.
Tax Rates for Dracut
- The Sales Tax Rate for Dracut is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Dracut 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 Dracut
- The average income of a Dracut resident is $33,529 a year. The US average is $28,555 a year.
- The Median household income of a Dracut resident is $95,229 a year. The US average is $69,021 a year.