Economy in Zip 01519 (Grafton, MA)

01519 Grafton, MA is a great place to live. The 2 bedroom rent cost of $1,950 is significantly lower than the US average of $1,430. This makes living in Grafton an attractive option for those looking for affordable housing. Additionally, the Grocery Cost Index in 01519 is 108 compared to the US average of 100, providing residents with access to affordable groceries. Grafton also has several great local companies that make it an ideal place to live. Microline Precision is a leader in precision and micro-mechanical components and has been in business since 1983. Deepwater Industries specializes in manufacturing high-end agricultural equipment and is a major local employer. Finally, NEMIC manufactures medical devices used in fields such as orthopedics and neurology for use throughout New England and beyond. With all these benefits combined, 01519 Grafton, MA is an excellent place to live!

Grafton (zip 01519) has an unemployment rate of 5.0%. The US average is 6.0%.

Grafton (zip 01519) 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 40.0%, which is higher than the US average of 33.5%.

Tax Rates for Grafton (zip 01519)
- The Sales Tax Rate for Grafton (zip 01519) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Grafton (zip 01519) 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 Grafton (zip 01519)
- The average income of a Grafton (zip 01519) resident is $44,176 a year. The US average is $28,555 a year.
- The Median household income of a Grafton (zip 01519) resident is $128,824 a year. The US average is $69,021 a year.