Hopkinton, MA is a suburb of Boston located in Middlesex County. The town offers an idyllic lifestyle with bustling downtown areas, top-rated schools, and plenty of recreational activities such as hiking trails and swimming. While the average rent for a two bedroom apartment is $2,880 in Hopkinton, the US average is only $1430. Groceries are also more expensive in Hopkinton with a grocery cost index of 112 versus 100 in the US. \nThe town is home to several companies such as EMC Corporation, an information storage firm; iRobot Corp., a robotics and artificial intelligence company; Affirmed Networks, a telecom specialist; and Valerann Ltd., which specializes in intelligent transportation systems. Additionally, several pharmaceutical companies such as Alkermes Inc., Cognex Corporation and Covidien have offices in Hopkinton.
Hopkinton has an unemployment rate of 5.2%. The US average is 6.0%.
Hopkinton has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Hopkinton
- The Sales Tax Rate for Hopkinton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hopkinton 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 Hopkinton
- The average income of a Hopkinton resident is $55,334 a year. The US average is $28,555 a year.
- The Median household income of a Hopkinton resident is $179,192 a year. The US average is $69,021 a year.