Zip 01420 (Fitchburg, MA) Economy


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01420 Fitchburg, MA is an exciting city to live in with an abundance of options for entertainment, shopping, and dining. The average two bedroom rent in this area is $1,330 per month, slightly lower than the US average of $1,430 per month. Grocery prices are also competitive with a grocery cost index of 104 versus the US index of 100. This makes Fitchburg a great place to live on a budget.
Fitchburg offers plenty of attractions for residents to enjoy such as the beautiful Nashua River Rail Trail which winds 19 miles along the Nashua River Valley through diverse urban and rural landscapes. Nature lovers can explore Coggshall Park which features over 80 acres of woodlands, fields and ponds ideal for fishing, boating or swimming. There are also plenty of local businesses that make living in Fitchburg enjoyable such as Central Liquor Store that has been serving the community since 1932 or the Wachusett Brewing Company who offer tours of their craft brewery as well as beer tasting events.

Fitchburg (zip 01420) has an unemployment rate of 9.4%. The US average is 6.0%.

Fitchburg (zip 01420) has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.

Tax Rates for Fitchburg (zip 01420)
- The Sales Tax Rate for Fitchburg (zip 01420) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Fitchburg (zip 01420) 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 Fitchburg (zip 01420)
- The average income of a Fitchburg (zip 01420) resident is $22,720 a year. The US average is $28,555 a year.
- The Median household income of a Fitchburg (zip 01420) resident is $60,390 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFitchburg, MassachusettsUnited States
  9.46
  -9.2%-6.2%
  37.6%33.5%
  6.3%6.2%
  5.1%4.6%
  $30,268$37,638
  $60,390$69,021
  $74,618$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  5.5%6.8%
  12.4%10.0%
  1.2%2.5%
  12.7%11.0%
  5.1%4.8%
  0.3%0.8%
  0.7%1.9%
  3.8%4.7%
  2.0%1.9%
  5.0%7.6%
  0.1%0.1%
  7.3%4.2%
  9.8%9.3%
  19.3%14.0%
  0.9%2.1%
  7.1%7.0%
  3.7%4.8%
  2.8%4.7%
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