Zip 01550 (Southbridge Town, MA) Economy


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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.

Income by Population Percent

  EconomySouthbridge Town, MassachusettsUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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