Middleborough, MA is an idyllic small town in the Southeastern part of Massachusetts. With a population of about 24,000 people, Middleborough offers residents a suburban feel combined with city amenities. It's known for its attractive landscaping and excellent public schools. The cost of living in Middleborough is slightly higher than the US average due to the high rental rates for 2 bedroom accommodations which reach around $2170 per month. Grocery costs are also higher than the US average as evidenced by the grocery cost index which stands at 107 compared to 100 nationally.
Middleborough has many businesses that contribute to its vibrant economy and local culture. One such business is Universal Plastics Inc., a leader in custom blow molding and injection molding services since 1967. Other businesses include Southern New England Tradesmen, an energy efficiency contractor focusing on insulation, air sealing and more; Red Barn Doughnuts and Bakery; Foxon Energy Solutions LLC; and Seaport Development & Construction Co., Inc., a full service construction firm providing general contracting services for commercial projects throughout the region.
Overall, Middleborough provides residents with a high quality of life with all the essential amenities one may need plus close proximity to Boston's cultural attractions. Although it has a slightly higher cost of living than other parts of the US, it can still be considered an affordable option given its strong economy and vibrant culture.
Middleborough has an unemployment rate of 6.7%. The US average is 6.0%.
Middleborough 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 41.7%, which is higher than the US average of 33.5%.
Tax Rates for Middleborough
- The Sales Tax Rate for Middleborough is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Middleborough 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 Middleborough
- The average income of a Middleborough resident is $33,204 a year. The US average is $28,555 a year.
- The Median household income of a Middleborough resident is $81,809 a year. The US average is $69,021 a year.