Northborough, MA is a town located in Worcester County in Massachusetts and has a population of about 14,000 people. This town is populated with many businesses such as: Powers Fasteners Inc., Vibrant Credit Union, Sprinkler World Inc., Acme Specialty Products LLC, Greendale Construction Co., and more. Additionally, Northborough's 2 bedroom rent is significantly higher than the US average, coming in at $2,310 compared to $1,430. Grocery costs are also slightly higher on average in Northborough with an index of 109 versus the US index of 100.
Northborough has an unemployment rate of 6.7%. The US average is 6.0%.
Northborough has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Northborough
- The Sales Tax Rate for Northborough is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Northborough 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 Northborough
- The average income of a Northborough resident is $44,516 a year. The US average is $28,555 a year.
- The Median household income of a Northborough resident is $148,010 a year. The US average is $69,021 a year.