Framingham, MA 01702 has a 2 Bedroom Rent cost that is 64% higher than the national average. The Grocery Cost Index in Framingham is 7 points higher than the US index. As such, Framingham has an above-average cost of living when compared to other areas in the country.
With an array of businesses ranging from small local shops to major companies like Staples, TJX Companies, Bose Corporation and BJ’s Wholesale Club, Framingham offers plenty of employment opportunities for those looking to move here. With access to various entertainment options such as Natick Mall and a variety of restaurants, parks and trails, living in Framingham can be a great experience for those who are willing to invest in it.
Framingham (zip 01702) has an unemployment rate of 5.2%. The US average is 6.0%.
Framingham (zip 01702) 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 Framingham (zip 01702)
- The Sales Tax Rate for Framingham (zip 01702) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Framingham (zip 01702) 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 Framingham (zip 01702)
- The average income of a Framingham (zip 01702) resident is $28,806 a year. The US average is $28,555 a year.
- The Median household income of a Framingham (zip 01702) resident is $71,602 a year. The US average is $69,021 a year.