Reading, MA (01867) is a small town located in the northeastern part of the US state of Massachusetts. The two bedroom rent in Reading is about $2,160 per month which is slightly higher than the US average rent of $1,430. Living expenses such as groceries are also more expensive in Reading compared to the national average with an index of 112 versus 100 in the US. Local companies such as M&T Bank, Bose Corporation, and Sun Life Financial have all established offices in Reading due to its relatively affordable cost of living compared to larger cities like Boston or Providence. On top of that, there are many local restaurants and stores that offer residents great deals on daily necessities including food items, clothes, electronics, and furniture. All this makes Reading a great place for those looking for a comfortable lifestyle at an affordable price.
Reading (zip 01867) has an unemployment rate of 5.2%. The US average is 6.0%.
Reading (zip 01867) has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Reading (zip 01867)
- The Sales Tax Rate for Reading (zip 01867) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Reading (zip 01867) 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 Reading (zip 01867)
- The average income of a Reading (zip 01867) resident is $46,989 a year. The US average is $28,555 a year.
- The Median household income of a Reading (zip 01867) resident is $145,471 a year. The US average is $69,021 a year.