Medway, MA (02053) is a great place to live for those seeking affordable living. The average two-bedroom rent in Medway is $2,150, significantly lower than the US average of $1,430. Additionally, grocery costs are slightly higher in the area with a grocery cost index of 109 compared to 100 nationally. Local companies include the Medway Country Manor and New England Woodworking both offering quality services and products to residents. Shopping centers such as Patriot Plaza and Medway Shopping Center offer plenty of choices for locals including stores like Target, CVS, Bank of America, and Aldi Grocery Store.
Medway (zip 02053) has an unemployment rate of 5.8%. The US average is 6.0%.
Medway (zip 02053) 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 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Medway (zip 02053)
- The Sales Tax Rate for Medway (zip 02053) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Medway (zip 02053) 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 Medway (zip 02053)
- The average income of a Medway (zip 02053) resident is $45,617 a year. The US average is $28,555 a year.
- The Median household income of a Medway (zip 02053) resident is $147,276 a year. The US average is $69,021 a year.