Tolland, MA is a small town located in Hampden County with an estimated population of 3,827. It is well known for its wonderful location just outside of Springfield, which is home to many large companies and businesses. Some notable companies in the area include Stanley Black & Decker, which manufactures power tools and hand tools; SABIC, producing plastics, chemicals and fertilizers; and Brownells Inc., specializing in firearms accessories. There are also many local businesses like Grocery Store at Tolland Circle offering fresh produce and other goods; The Cell Phone Spot offering phones, accessories, repairs and more; and the Gateway Lanes Bowling Alley providing entertainment for all ages. With its proximity to Springfield it’s easy to access these companies and local businesses alike.
Tolland has an unemployment rate of 3.2%. The US average is 6.0%.
Tolland has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Tolland
- The Sales Tax Rate for Tolland is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Tolland 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 Tolland
- The average income of a Tolland resident is $60,086 a year. The US average is $37,638 a year.
- The Median household income of a Tolland resident is $91,771 a year. The US average is $69,021 a year.