In 01605 Worcester, MA, the average 2 Bedroom rent is $1,640 whereas the US average rental cost is an estimated $1,430. Furthermore, the grocery cost index in this area is 105 compared to the US national average of 100. Given these factors, living in 01605 Worcester can be an expensive option for people looking to move into the area. Despite this fact, there are many well known local businesses within 01605 that may make it worthwhile such as DCU Center Arena, EMC Insurance Companies and Reliant Medical Group among many others. These established companies provide plenty of local job opportunities and can help to offset rising living costs in the area.
Worcester (zip 01605) has an unemployment rate of 7.6%. The US average is 6.0%.
Worcester (zip 01605) has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Worcester (zip 01605)
- The Sales Tax Rate for Worcester (zip 01605) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Worcester (zip 01605) 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 Worcester (zip 01605)
- The average income of a Worcester (zip 01605) resident is $21,843 a year. The US average is $28,555 a year.
- The Median household income of a Worcester (zip 01605) resident is $45,709 a year. The US average is $69,021 a year.