Warren, MA is a town located in Worcester County. It is known for its small-town atmosphere and strong local businesses that make up the economic backbone of this community. The average rent for a two-bedroom apartment is $1,170 per month, which is lower than the national average of $1,430. Additionally, groceries are relatively cheaper in Warren with an index cost of 105 versus 100 on average across the US. Many local companies drive the economy here such as Aptus Group, All Natural Stone & Grass, Warren Five Cents Savings Bank, and Berkshire Health Systems. These companies offer employment opportunities to local residents and contribute to the well-being of this town.
Warren has an unemployment rate of 6.7%. The US average is 6.0%.
Warren has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Warren
- The Sales Tax Rate for Warren is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Warren 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 Warren
- The average income of a Warren resident is $26,984 a year. The US average is $28,555 a year.
- The Median household income of a Warren resident is $63,057 a year. The US average is $69,021 a year.