Foxborough, Massachusetts is a small town located in the state’s southeastern region. Living in Foxborough comes with a high cost of living, as the rent for a two-bedroom apartment costs an average of $2,240 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Foxborough is 109 versus 100 in the US. This area is home to some major companies including Gillette Stadium–home of the New England Patriots–Gourmet Caterers and Kraft Group LLC. Interestingly enough, Foxborough was once part of Dedham until it was officially incorporated in 1778 as its own town.
Foxborough has an unemployment rate of 5.8%. The US average is 6.0%.
Foxborough has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Foxborough
- The Sales Tax Rate for Foxborough is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Foxborough 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 Foxborough
- The average income of a Foxborough resident is $57,552 a year. The US average is $37,638 a year.
- The Median household income of a Foxborough resident is $95,410 a year. The US average is $69,021 a year.