Wakefield, MA is a suburban town located in Middlesex County. It is home to numerous businesses such as Wakefield Co-operative Bank, Capitol Insurance Services, and Hawk Design & Print. The city also boasts many amenities such as public parks, waterfront pathways, golf courses, and diverse shopping outlets. Furthermore, 2 bedroom rent in Wakefield is $2,230 compared to the US at $1,430 while its grocery cost index is 111 versus 100 in the US. All these factors make Wakefield an attractive place to live for prospective residents.
Wakefield has an unemployment rate of 5.2%. The US average is 6.0%.
Wakefield has seen the job market decrease by -8.9% 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 Wakefield
- The Sales Tax Rate for Wakefield is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wakefield 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 Wakefield
- The average income of a Wakefield resident is $57,906 a year. The US average is $37,638 a year.
- The Median household income of a Wakefield resident is $110,372 a year. The US average is $69,021 a year.