The city of Concord, MA (01742) is an affluent community that offers a variety of amenities for its residents. The 2 bedroom rent in the area is $3,250, which is significantly higher than the US average of $1,430. The cost of groceries in this area is also higher than the national average with an index of 117 compared to 100 in the US. This city provides numerous advantages to its citizens such as access to a variety of local companies. These include firms like Liberty Mutual Insurance Company, Zoll Medical Corporation, and iRobot Corporation all located within the city limits. With ample job opportunities and a high quality of life provided, Concord, MA remains one of the best places to live in Massachusetts.
Concord (zip 01742) has an unemployment rate of 4.8%. The US average is 6.0%.
Concord (zip 01742) has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Concord (zip 01742)
- The Sales Tax Rate for Concord (zip 01742) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Concord (zip 01742) 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 Concord (zip 01742)
- The average income of a Concord (zip 01742) resident is $69,382 a year. The US average is $28,555 a year.
- The Median household income of a Concord (zip 01742) resident is $168,934 a year. The US average is $69,021 a year.