Taunton, MA is an attractive area to live due to its small-town feel. It is located in Bristol County and is home to several local companies such as Puritan Medical Products, Michaels Craft Store, Taunton Municipal Lighting Plant, and Tito's Restaurant. While the average rent for a two bedroom apartment in Taunton is $1,700 compared to the national average of $1,430, Taunton also has a higher grocery cost index than the US with 106 versus 100. This difference in cost of living may be driven by higher taxes or other factors unique to Taunton.
Taunton has an unemployment rate of 7.9%. The US average is 6.0%.
Taunton 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 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Taunton
- The Sales Tax Rate for Taunton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Taunton 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 Taunton
- The average income of a Taunton resident is $26,461 a year. The US average is $28,555 a year.
- The Median household income of a Taunton resident is $66,787 a year. The US average is $69,021 a year.