The city of Worcester, MA (01607) is an up-and-coming hub for young professionals and families alike. It has a relatively low cost of living, with a two bedroom apartment rent averaging $1,540 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Worcester is 105 compared to 100 in the US. The city supports a diverse range of businesses and services, ranging from small mom-and-pop stores such as The Carousel Shoppe to national chains like Whole Foods Market. There are also plenty of cultural activities available in Worcester, such as the DCU Center for concerts and plays or the EcoTarium for educational activities. With its strong economy and low cost of living, Worcester is an attractive option for those looking for a great place to live.
Worcester (zip 01607) has an unemployment rate of 7.6%. The US average is 6.0%.
Worcester (zip 01607) 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 01607)
- The Sales Tax Rate for Worcester (zip 01607) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Worcester (zip 01607) 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 01607)
- The average income of a Worcester (zip 01607) resident is $23,644 a year. The US average is $28,555 a year.
- The Median household income of a Worcester (zip 01607) resident is $57,880 a year. The US average is $69,021 a year.