Boxford, MA (01921) is an affluent suburb located in Essex County. It has a population of 8,277 people as of 2019, making it a small yet vibrant town. The average rental rate for a two-bedroom in Boxford is $2,160, which is significantly higher than the US average of $1,430. Groceries in Boxford are more expensive than the US average as well; with the Grocery Cost Index for Boxford being 113 against 100 for the US on average.
There are several businesses that operate in and around Boxford such as Valley Green Nursery, Aspenland Landscaping & Supply Co., A Chance to Grow Daycare Center, and All Seasons Garage Door Co., Inc. These companies offer goods and services to meet the needs of their community and help contribute to its growth.
Overall, living in Boxford is relatively expensive when compared to other places around the country but it offers a great quality of life that makes up for its higher cost of living. The local businesses provide employment opportunities and access to necessary services within close distance, allowing families to save money on transportation costs while still enjoying all the amenities that come with living in a suburban area.
Boxford (zip 01921) has an unemployment rate of 7.4%. The US average is 6.0%.
Boxford (zip 01921) 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 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Boxford (zip 01921)
- The Sales Tax Rate for Boxford (zip 01921) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Boxford (zip 01921) 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 Boxford (zip 01921)
- The average income of a Boxford (zip 01921) resident is $55,227 a year. The US average is $28,555 a year.
- The Median household income of a Boxford (zip 01921) resident is $186,899 a year. The US average is $69,021 a year.