FAST FACTS & DATA

%

UNEMPLOYMENT RATE

%

COMMERCIAL VACANCY

%

OFFICE VACANCY

All the Facts Point to Marlborough, MA

Companies choose Marlborough, MA, because of its central location, quality properties, educated workforce, affordable housing, and high quality of life. Here are some of the fast facts* to keep in mind when deciding whether our city is right for your business.

Premier Companies:
Cytiva, Boston Scientific, Quest Diagnostics, Hologic, Raytheon, The TJX Companies, DuPont, Ken’s Foods, GE Healthcare, Lifeward, Sartorius

Top Industries:
Life Sciences and Biotech, Manufacturing, High Technology

Higher Education:
A 40-minute drive or less from leading higher education institutions, including Massachusetts Institute of Technology, Harvard University, Boston College, Boston University, Northeastern University, University of Massachusetts, Tufts University and others. Only 20-minutes away from Worcester Polytechnic Institute, College of the Holy Cross, Worcester State, Framingham State, Wellesley College, and more than a dozen other 2- and 4-year postsecondary schools.

 

Airports:
A 60-minute drive or less from four major airports: Logan International Airport, Manchester-Boston Airport, T.F. Green Airport and Worcester Airport.

Highways:
Located at the hub of I-495, I-290, I-90, and Routes 9, 20, & 85

 

FY 2024 Tax Rates

Commercial Tax Rate

17.66

Residential Tax Rate

 10.24

Demographics

2023
  • 41,544 Population
  • 32,096 Population Age 20+
  • 38 Median Age
  • 16,725 Number of Households
  • 10,298 Number of Families

Talent

2023
  • 25,421 Labor Force
  • 34,600 Total Employees
  • 51% Population with College Degree or Higher
  • 86 Post-Secondary Schools within 25 miles [1]

Economy

2023
  • 2.4% Unemployment Rate
  • 2,520 Total Establishments
  • $1,938 Average Weekly Wage [2]
  • 9,138 Households with Income >$100K
  • $90,160 Average Household Expenditure

Quality of Life

2023
  • $109,901 Median Household Income
  • $516,859 Average Home Value [3]
  • 28 minutes Average Commute Travel Time
  • 15+ Major Lakes & Parks within 5 Miles

NOTE: Unless otherwise indicated, all figures are sourced from MassEcon, 2023. For more information, visit MassEcon.

*Figures in this section represent the City of Marlborough only
[1] Source: National Center for Education Statistics
[2] Source: Executive Office of Labor and Workforce Development
[3] Source: Zillow