Northbridge, MA is an area known for its affordable living. The average rent for a two bedroom apartment in Northbridge is $1,390 per month, which is lower than the national average of $1,430. This makes it an attractive option for those looking to move to a more affordable location. Additionally, the Grocery Cost Index in Northbridge is 107 versus 100 in the US. This indicates that groceries are slightly more expensive in Northbridge compared to the national average. As such, people may want to factor this into their budget when considering a move.
Northbridge is home to popular local companies such as Northbridge Bank and Trust and Countryside Realty Group. These businesses provide jobs and other services for members of the community while supporting local economic growth at the same time. Furthermore, there are several small business owners who have chosen to make their home in Northbridge due to its affordability and availability of resources.
Northbridge has an unemployment rate of 6.7%. The US average is 6.0%.
Northbridge has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Northbridge
- The Sales Tax Rate for Northbridge is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Northbridge 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 Northbridge
- The average income of a Northbridge resident is $43,333 a year. The US average is $37,638 a year.
- The Median household income of a Northbridge resident is $97,206 a year. The US average is $69,021 a year.