Millbury, MA is a small town in Worcester County with an estimated population of 10,500 people. The town is home to several businesses and organizations such as the Millbury Federal Credit Union, Millbury Public Library, and East Coast Refrigeration. Rent in Millbury is significantly higher than the average rent cost in the United States. A two bedroom apartment in Millbury costs approximately $1,610 whereas a two bedroom apartment in general within the United States costs around $1,430 per month. Additionally, according to the Grocery Cost Index the cost of groceries within Millbury is 7% higher than that of general grocery prices across the United States.
Millbury has an unemployment rate of 5.7%. The US average is 6.0%.
Millbury 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 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Millbury
- The Sales Tax Rate for Millbury is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Millbury 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 Millbury
- The average income of a Millbury resident is $33,070 a year. The US average is $28,555 a year.
- The Median household income of a Millbury resident is $96,672 a year. The US average is $69,021 a year.