Richmond, MA 01254 is an excellent place to live due to its relatively low cost of living. According to recent data, the average 2 bedroom rent in Richmond is only $2,170 compared to the US average of $1,430. Additionally, Richmond has a relatively low grocery cost index at 109 which is slightly higher than the national average of 100. The town is home to many local companies such as Keystone Lumber Mill, Shea's Marine Service and Arnolds' Auto Repair - all providing quality goods and services in the community. Whether you're looking for a place to call home or just want to take advantage of these great local businesses, come check out Richmond!
Richmond (zip 01254) has an unemployment rate of 8.0%. The US average is 6.0%.
Richmond (zip 01254) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Richmond (zip 01254)
- The Sales Tax Rate for Richmond (zip 01254) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 01254) 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 Richmond (zip 01254)
- The average income of a Richmond (zip 01254) resident is $80,376 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 01254) resident is $97,500 a year. The US average is $69,021 a year.