01550 Southbridge Town, MA is a great place to call home. It has affordable 2 bedroom rent at $1,340 compared to the US average of $1430. The grocery cost index in Southbridge Town is 104 versus 100 in the US, making it a great economical choice for day-to-day living. Southbridge Town is also a great place for business with local companies such as the Big Y Supermarket Group, Fallon Health and Harrington Healthcare System providing jobs and services to the region.
Southbridge Town (zip 01550) has an unemployment rate of 10.2%. The US average is 6.0%.
Southbridge Town (zip 01550) has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Southbridge Town (zip 01550)
- The Sales Tax Rate for Southbridge Town (zip 01550) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Southbridge Town (zip 01550) 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 Southbridge Town (zip 01550)
- The average income of a Southbridge Town (zip 01550) resident is $29,962 a year. The US average is $37,638 a year.
- The Median household income of a Southbridge Town (zip 01550) resident is $50,414 a year. The US average is $69,021 a year.