Rutland, MA is a charming small town that offers a peaceful atmosphere for its residents. It is home to many local businesses such as J&D Grocery Store, Hope Valley General Store, and the Rutland Library. The cost of living in Rutland is relatively lower than other parts of Massachusetts and the United States as a whole. For example, the average two-bedroom rent in Rutland is only $1,400 compared to $1,430 across the U.S. Also, the Grocery Cost Index in Rutland stands at 107 versus 100 throughout the nation. Therefore, living in Rutland can be an affordable option for those looking for a peaceful environment away from big cities but still close to amenities like shopping stores and libraries.
Rutland has an unemployment rate of 6.7%. The US average is 6.0%.
Rutland 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 Rutland
- The Sales Tax Rate for Rutland is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Rutland 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 Rutland
- The average income of a Rutland resident is $35,706 a year. The US average is $28,555 a year.
- The Median household income of a Rutland resident is $132,000 a year. The US average is $69,021 a year.