Winchester, MA is an affluent town just north of Boston with a population of 21,374 people. It offers its residents a comfortable suburban lifestyle with easy access to amenities and employment opportunities. The two-bedroom rent in Winchester is $3000 which is more than double the US rent for the same size apartment at $1430. This price reflects the higher cost of living in Winchester when compared to the rest of the country. In addition, grocery cost index in Winchester MA is 119 versus 100 in the US meaning groceries are 19% more expensive in Winchester than on average across the states. Local companies such as Stratus Technologies, Casa Systems and Capital One are major employers in this area providing their employees with competitive wages and benefits packages that can help offset some of these costs.
Winchester has an unemployment rate of 5.2%. The US average is 6.0%.
Winchester 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 Winchester
- The Sales Tax Rate for Winchester is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Winchester 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 Winchester
- The average income of a Winchester resident is $66,880 a year. The US average is $28,555 a year.
- The Median household income of a Winchester resident is $184,844 a year. The US average is $69,021 a year.