Wales, MA (01081) is a small town with a population of around 1,300 people located in the northern region of Worcester County. Residents of Wales are able to enjoy peaceful, rural living for an affordable price. The average two bedroom rent in Wales is $1,020 per month and the grocery cost index is 106 compared to 100 in the US. Several local businesses such as Elmhurst Industries Inc., D&D Electric LLC, Woodland Logging & Trucking Co., and Birch Mountain Enterprises are available for residents, offering various services that contribute to the local economy. With an overall cost of living lower than the national average, Wales offers its residents a comfortable place to live at an affordable price.
Wales (zip 01081) has an unemployment rate of 8.5%. The US average is 6.0%.
Wales (zip 01081) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Wales (zip 01081)
- The Sales Tax Rate for Wales (zip 01081) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Wales (zip 01081) 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 Wales (zip 01081)
- The average income of a Wales (zip 01081) resident is $41,150 a year. The US average is $37,638 a year.
- The Median household income of a Wales (zip 01081) resident is $85,938 a year. The US average is $69,021 a year.