Zip 01564 (Sterling, MA) Economy


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The town of 01564 Sterling, MA has an average 2 Bedroom rent of $1,780 per month, slightly higher than the U.S. average rental rate of $1,430 per month. The grocery cost index is 107 compared to the national average of 100. Despite these prices being slightly higher than the U.S. average, one can still find more affordable rentals in this region. Some local companies offering cheaper rental options are Good Life Property Management and Heritage Properties - both offer lower rates than the U.S. averages while providing excellent living accommodations and amenities.

Sterling (zip 01564) has an unemployment rate of 6.7%. The US average is 6.0%.

Sterling (zip 01564) 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 Sterling (zip 01564)
- The Sales Tax Rate for Sterling (zip 01564) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Sterling (zip 01564) 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 Sterling (zip 01564)
- The average income of a Sterling (zip 01564) resident is $41,260 a year. The US average is $28,555 a year.
- The Median household income of a Sterling (zip 01564) resident is $119,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySterling, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $59,851$37,638
  $119,000$69,021
  $126,039$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  7.6%6.8%
  18.2%10.0%
  3.3%2.5%
  2.8%11.0%
  3.7%4.8%
  0.6%0.8%
  0.9%1.9%
  10.3%4.7%
  1.3%1.9%
  10.1%7.6%
  0.4%0.1%
  2.1%4.2%
  14.8%9.3%
  13.4%14.0%
  1.6%2.1%
  1.6%7.0%
  4.3%4.8%
  1.6%4.7%
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