Waltham, MA is a great place to live with plenty of opportunities for residents. It’s a bustling city filled with various types of businesses such as Raytheon Technologies, Boston Scientific Corporation, and National Grid. The cost of living in Waltham, MA is higher than it is in the US as a whole on average. For example, rent for a 2 bedroom apartment in Waltham is $2,790 compared to the US average of $1,430. Additionally, the grocery cost index in Waltham is 112 versus 100 in the US. Despite this difference in costs of living, Waltham is still an attractive destination due to its many job opportunities and overall quality of life.
Waltham has an unemployment rate of 5.9%. The US average is 6.0%.
Waltham has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Waltham
- The Sales Tax Rate for Waltham is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Waltham 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 Waltham
- The average income of a Waltham resident is $35,642 a year. The US average is $28,555 a year.
- The Median household income of a Waltham resident is $103,498 a year. The US average is $69,021 a year.