Leominster, MA is a great city to consider when looking for a place to live. Located in Worcester County in Massachusetts, the city is known for its affordability; the median two bedroom rent is slightly lower than the national average at $1,470 per month. In addition to being affordable, the city also offers a high quality of life; it boasts a Grocery Cost Index of 106 compared to the US standard of 100 and has access to numerous local amenities and businesses such as The Mall at Whitney Field and the Inn at Crystal Lake. With its reasonable housing costs, diverse range of activities and proximity to larger cities like Boston (which is only 45 miles away), Leominster can make an ideal home for anyone looking for urban comforts without breaking the bank.
Leominster has an unemployment rate of 7.3%. The US average is 6.0%.
Leominster has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Leominster
- The Sales Tax Rate for Leominster is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Leominster 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 Leominster
- The average income of a Leominster resident is $30,055 a year. The US average is $28,555 a year.
- The Median household income of a Leominster resident is $69,525 a year. The US average is $69,021 a year.