Paxton, MA is a small town located in central Massachusetts with a population of 4,917 people. It has earned the nickname \"The Quiet Corner\" due to its peaceful atmosphere and rural setting. The cost of living in Paxton is lower than the US average, with 2 bedroom rent averaging $1,360 and grocery costs indexed at 107. Despite being smaller than many other towns, Paxton has much to offer its inhabitants. Local companies include hardware stores, restaurants, banks and fitness centers. Overall, Paxton offers a safe place to raise a family with excellent schools and easy access to larger cities like Worcester and Boston. With its low cost of living and variety of local businesses, it is no wonder why Paxton is such a desirable place to live.
Paxton has an unemployment rate of 4.0%. The US average is 6.0%.
Paxton 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 Paxton
- The Sales Tax Rate for Paxton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Paxton 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 Paxton
- The average income of a Paxton resident is $36,647 a year. The US average is $28,555 a year.
- The Median household income of a Paxton resident is $123,958 a year. The US average is $69,021 a year.