Shrewsbury, MA is a vibrant town situated in the Greater Worcester area. It is home to many businesses, such as the Shrewsbury Market, Stellaris Technologies, and J.Jill. Residents of this town enjoy plenty of entertainment options. With multiple parks and recreational centers around Shrewsbury, people have ample opportunity to engage in outdoor activities like biking trails or golfing. Local attractions include the EcoTarium which showcases interactive exhibits about natural history and science as well as many historical sites throughout the town's center. Popular annual events include the Strawberry Festival in June and the Christmas Tree Lighting ceremony in December. The cost of living in Shrewsbury is also relatively lower than most cities with 2 bedroom rent being only $1,990 compared to the national average of $1,430 for 2 bedroom rent and grocery cost index being 109 versus 100 nationally.
Shrewsbury has an unemployment rate of 5.1%. The US average is 6.0%.
Shrewsbury 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 39.2%, which is higher than the US average of 33.5%.
Tax Rates for Shrewsbury
- The Sales Tax Rate for Shrewsbury is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Shrewsbury 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 Shrewsbury
- The average income of a Shrewsbury resident is $41,521 a year. The US average is $28,555 a year.
- The Median household income of a Shrewsbury resident is $117,909 a year. The US average is $69,021 a year.