Sturbridge, MA is an attractive city for those looking for a place to settle down. It has a cost of living that is lower than the US average, with a 2 bedroom rent of $1,730 compared to the US average 2 bedroom rent of $1,430. The grocery cost index in Sturbridge is also higher at 106 compared to 100 in the US. Attractions in Sturbridge include Old Sturbridge Village, which offers visitors a look into life during the 1830s, as well as dining and shopping options like Tillies Ice Cream Parlor and the Broom Corn Country Store. There are also many local companies such as Delphi Inc., Fidelity Bank, and New England Greystone that employ people in the area and contribute to the growing economy.
Sturbridge has an unemployment rate of 6.7%. The US average is 6.0%.
Sturbridge 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 Sturbridge
- The Sales Tax Rate for Sturbridge is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Sturbridge 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 Sturbridge
- The average income of a Sturbridge resident is $38,358 a year. The US average is $28,555 a year.
- The Median household income of a Sturbridge resident is $95,917 a year. The US average is $69,021 a year.