Canton, MA is a great place to call home in 2021. It is an affluent town with easy access to Boston and Providence. The 2 Bedroom Rent in Canton is $2,840, which is more expensive than the US average of $1,430. Despite the higher costs of rent in Canton, living there offers many other advantages. Grocery Cost Index in Canton has been reported to be 112 compared to 100 nationwide. Local companies such as Shawmut Design and Construction and Embrace Home Loans provide employment opportunities for residents. In addition to these businesses, there are plenty of restaurants and stores in the area that offer a variety of dining and shopping options. Schools such as Dean S. Luce Elementary School, Galvin Middle School, and Canton High School are located nearby for families with children.
Canton (zip 02021) has an unemployment rate of 5.4%. The US average is 6.0%.
Canton (zip 02021) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Canton (zip 02021)
- The Sales Tax Rate for Canton (zip 02021) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Canton (zip 02021) 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 Canton (zip 02021)
- The average income of a Canton (zip 02021) resident is $63,306 a year. The US average is $37,638 a year.
- The Median household income of a Canton (zip 02021) resident is $118,814 a year. The US average is $69,021 a year.