01340 Colrain, MA is a small town in Franklin County located near the border of Vermont. The average rent for a two-bedroom apartment in Colrain is $1,190, which is significantly lower than the national average of $1,430. In addition to its affordability, Colrain also offers plenty of amenities and activities for residents. The grocery cost index in Colrain is set at 105 compared to the US average of 100, so visitors can enjoy some affordable meals while they explore. Residents have access to a variety of local businesses such as Spring Rain Farm and Garden Supply, Tom’s Donuts & Deli, and Rainbow Valley Artisan Breads. The small town also has a few outdoor attractions such as Lone Acre Park and Longview Orchard. With an affordable cost of living and plenty of attractions to choose from, 01340 Colrain, MA is an ideal place to visit or call home.
Colrain (zip 01340) has an unemployment rate of 5.9%. The US average is 6.0%.
Colrain (zip 01340) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Colrain (zip 01340)
- The Sales Tax Rate for Colrain (zip 01340) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Colrain (zip 01340) 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 Colrain (zip 01340)
- The average income of a Colrain (zip 01340) resident is $27,583 a year. The US average is $28,555 a year.
- The Median household income of a Colrain (zip 01340) resident is $64,097 a year. The US average is $69,021 a year.