Malden, MA is a great place to live for those looking to find an affordable apartment. On average, two bedroom rents are $2,660 which is significantly higher than the US average of $1,430. Residents in Malden will also find that their grocery costs are slightly more expensive with a grocery cost index of 110 compared to the US average of 100. Local companies in Malden include Malden Public Schools and Middlesex Community College. As for grocery stores, Stop & Shop, Whole Foods Market, and Price Rite Supermarket are all popular choices for residents of Malden.
Malden has an unemployment rate of 7.1%. The US average is 6.0%.
Malden 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 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Malden
- The Sales Tax Rate for Malden is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Malden 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 Malden
- The average income of a Malden resident is $26,760 a year. The US average is $28,555 a year.
- The Median household income of a Malden resident is $77,119 a year. The US average is $69,021 a year.