Stow, MA is a city rich in history, culture, and local businesses. Residents of Stow enjoy the convenience of major stores such as Trader Joe’s and Whole Foods Market, as well as smaller locally owned stores. It’s a great place for families to live - with plenty of parks and trails to explore - yet still close enough to some of the larger cities in Massachusetts. Home prices may seem expensive compared to the U.S., but they are still reasonable when compared with other cities close by. On average, a two bedroom apartment rents for $2,180 per month in Stow – slightly higher than the national average of $1,430. Additionally, grocery costs tend to be slightly higher than the national average at 111 versus 100 in the US. However overall, Stow offers an excellent quality of life for those looking for an affordable living situation with plenty of activities nearby.
Stow has an unemployment rate of 5.4%. The US average is 6.0%.
Stow has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Stow
- The Sales Tax Rate for Stow is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Stow 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 Stow
- The average income of a Stow resident is $51,690 a year. The US average is $28,555 a year.
- The Median household income of a Stow resident is $147,841 a year. The US average is $69,021 a year.