Richmond, MA is a beautiful city located in the Western part of Massachusetts. It is home to a variety of different businesses that serve both local and national needs. One example of this is the popular grocery store, Roland's Supermarket. They offer a wide range of products, from fresh produce and meats to prepared meals and snacks. Additionally, their friendly staff are always ready to help customers find exactly what they need. Other notable businesses in Richmond include Ace Hardware, which offers hardware supplies and repair services, as well as the renowned Richmond Auto Repair shop which provides top quality car repair services at competitive prices. Finally, those looking for affordable housing can be sure to find it in Richmond; with two bedroom rents at $1,930 per month on average compared to $1,430 nationally, Richmond remains an attractive option for prospective renters.
Richmond has an unemployment rate of 4.5%. The US average is 6.0%.
Richmond has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond 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 Richmond
- The average income of a Richmond resident is $71,327 a year. The US average is $37,638 a year.
- The Median household income of a Richmond resident is $94,375 a year. The US average is $69,021 a year.