01532 Northborough, MA is a small town located in the heart of Worcester County. It is known for its scenic landscapes and picturesque New England charm. The cost of living in Northborough is slightly higher than the national average; Two bedroom rent in Northborough is $2,250 while the US average for two bedroom rent is only $1,430. On the other hand, grocery costs are lower than the rest of United States with an index value of 109 versus 100 in the US.
Northborough has a wide range of businesses and well-known companies such as Advanced Instruments Inc., ASML US, Inc., and American Superconductor Corporation. The town also offers some attractions such as DYER Memorial Park, which features playgrounds and a basketball court. In addition to that, Northborough is home to historical churches such as St. Rose of Lima Church and First Congregational Church that have been around since 18th century. All these factors combined make Northborough an ideal place to live or start a business.
Northborough (zip 01532) has an unemployment rate of 6.7%. The US average is 6.0%.
Northborough (zip 01532) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Northborough (zip 01532)
- The Sales Tax Rate for Northborough (zip 01532) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Northborough (zip 01532) 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 Northborough (zip 01532)
- The average income of a Northborough (zip 01532) resident is $44,516 a year. The US average is $28,555 a year.
- The Median household income of a Northborough (zip 01532) resident is $148,010 a year. The US average is $69,021 a year.