Montgomery, MA is a thriving community with plenty of local amenities and businesses. The area is known for its reasonable rent prices, with the average 2 bedroom going for $1,190 versus the US average of $1,430. Additionally, groceries in Montgomery are also cheaper than the national average, with a grocery cost index of 107 versus 100 in the US. Some popular local businesses include Montgomery Public Library, Marlborough Country Club, and Red Barn Coffee Roasters.
Montgomery has an unemployment rate of 4.4%. The US average is 6.0%.
Montgomery has seen the job market decrease by -9.3% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery
- The average income of a Montgomery resident is $52,281 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery resident is $104,500 a year. The US average is $69,021 a year.