Stoughton, MA (02072) is a thriving city in the Boston metro area, boasting a wide array of local businesses. The median rent for a two-bedroom apartment is $2,420 compared to the US median of $1,430 – clearly indicating the desire among residents to make Stoughton their home. Additionally, the Grocery Cost Index in Stoughton is 108 which is 8 points higher than the national average of 100. Local companies such as Stoughton Motors, Direct Auto Mall and Danker's Inc. have been an integral part of the city's economy for decades. Residents enjoy higher than average wages and an abundance of amenities that make Stoughton an attractive place to live.
Stoughton (zip 02072) has an unemployment rate of 6.9%. The US average is 6.0%.
Stoughton (zip 02072) has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Stoughton (zip 02072)
- The Sales Tax Rate for Stoughton (zip 02072) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Stoughton (zip 02072) 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 Stoughton (zip 02072)
- The average income of a Stoughton (zip 02072) resident is $34,568 a year. The US average is $28,555 a year.
- The Median household income of a Stoughton (zip 02072) resident is $94,823 a year. The US average is $69,021 a year.