Burlington, MA is a great place to live and work. Located in Middlesex County, Burlington offers its residents easy access to the best of what Massachusetts has to offer. It’s close proximity to Boston makes it ideal for commuters who want to keep their living costs low without sacrificing the city life. The 2 bedroom rent in Burlington averages at $3,120 which is significantly higher than the US average of $1,430. Grocery cost index is also higher in Burlington than the US with 112 versus 100. This can be partially attributed to local businesses such as Whole Foods Market, Trader Joe's, Walmart Supercenter, Stop & Shop and more that all provide high quality food options at competitive prices. Moreover, there are many other companies located in Burlington such as IBM Corporation, Lahey Health System Inc., William J. Keller & Sons Inc., General Dynamics Mission Systems and many others that make up the business district of this town.
Burlington has an unemployment rate of 5.2%. The US average is 6.0%.
Burlington has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Burlington
- The Sales Tax Rate for Burlington is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Burlington 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 Burlington
- The average income of a Burlington resident is $41,849 a year. The US average is $28,555 a year.
- The Median household income of a Burlington resident is $124,755 a year. The US average is $69,021 a year.