Zip 01527 (Millbury, MA) Economy


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Located in Worcester County, 01527 Millbury, MA is a great place to call home. With a 2 bedroom rent of average $1,630 it is slightly higher than the national average of $1,430 but offers plenty in return for its residents. This includes access to a growing economy with local companies such as Amazon Fulfillment Center, J.N. Phillips Auto Glass and 508 Restoration & Construction that offer employment opportunities for locals. The grocery cost index in the area is also slightly higher than the national average at 107 versus 100 helping to ensure that local businesses have the necessary support from their communities. All in all, 01527 Millbury, MA provides an attractive option for those looking for good quality living without spending too much money.

Millbury (zip 01527) has an unemployment rate of 5.7%. The US average is 6.0%.

Millbury (zip 01527) 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 39.1%, which is higher than the US average of 33.5%.

Tax Rates for Millbury (zip 01527)
- The Sales Tax Rate for Millbury (zip 01527) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Millbury (zip 01527) 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 Millbury (zip 01527)
- The average income of a Millbury (zip 01527) resident is $33,070 a year. The US average is $28,555 a year.
- The Median household income of a Millbury (zip 01527) resident is $96,672 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMillbury, MassachusettsUnited States
  5.76
  -8.4%-6.2%
  39.1%33.5%
  6.3%6.2%
  5.1%4.6%
  $45,409$37,638
  $96,672$69,021
  $110,265$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  6.7%6.8%
  8.0%10.0%
  1.5%2.5%
  12.4%11.0%
  4.7%4.8%
  2.3%0.8%
  3.4%1.9%
  5.9%4.7%
  1.0%1.9%
  8.5%7.6%
  0.1%0.1%
  5.4%4.2%
  9.8%9.3%
  15.5%14.0%
  1.8%2.1%
  2.6%7.0%
  6.0%4.8%
  4.4%4.7%
Health