North Reading, MA is a town located in Essex County, Massachusetts. It has a vibrant economy with many businesses ranging from small local companies to larger corporate employers. The cost of living in North Reading is slightly higher than the national average. For example, the median rent for a two-bedroom apartment in North Reading is $2,390, compared to the US median rent of $1,430. Similarly, the Grocery Cost Index in North Reading is 111 compared to 100 in the US. Some notable companies located in North Reading include Target Fulfillment Center, Yazaki North America Inc., and Ballardvale Machine Works LLC. While North Reading may have slightly higher costs of living than other areas of the country, it offers great opportunities for those looking to work and live in an area that has plenty of amenities and job opportunities available.
North Reading has an unemployment rate of 5.1%. The US average is 6.0%.
North Reading 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 41.0%, which is higher than the US average of 33.5%.
Tax Rates for North Reading
- The Sales Tax Rate for North Reading is 6.3%. The US average is 7.3%.
- The Income Tax Rate for North Reading 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 North Reading
- The average income of a North Reading resident is $47,455 a year. The US average is $28,555 a year.
- The Median household income of a North Reading resident is $123,813 a year. The US average is $69,021 a year.