Worcester, MA (01606) is an urban city located in Central Massachusetts. It has a population of approximately 182,000 people and is the second most populous city in New England. The cost of a two-bedroom apartment rental in Worcester is around $1,640 per month which is slightly more expensive than the US average of $1,430 per month. Additionally, grocery costs are also higher in Worcester with the Grocery Cost Index at 106 versus 100 for the US as a whole.
The city of Worcester offers plenty of amenities to residents such as several parks, museums, theatres and other recreational activities. It's home to notable companies such as UMass Memorial Health Care and Hanover Insurance Group that have helped drive growth in the region over recent years. With its excellent transportation links to other cities in Massachusetts and Rhode Island, and its diverse economic opportunities - it's no wonder so many people have chosen to call Worcester home.
Worcester (zip 01606) has an unemployment rate of 7.6%. The US average is 6.0%.
Worcester (zip 01606) has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Worcester (zip 01606)
- The Sales Tax Rate for Worcester (zip 01606) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Worcester (zip 01606) 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 Worcester (zip 01606)
- The average income of a Worcester (zip 01606) resident is $33,112 a year. The US average is $28,555 a year.
- The Median household income of a Worcester (zip 01606) resident is $74,765 a year. The US average is $69,021 a year.