Economy in Medford, Massachusetts
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Economy
| Unemployment Rate | 6.50% | 9.10% |
| Recent Job Growth | -0.06% | -0.12% |
| Future Job Growth | 33.38% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $32,274 | $27,067 |
| Household Income | $66,017 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.30% | 12.10% |
| Income between 15K and 25K | 9.05% | 10.18% |
| Income between 25K and 35K | 7.40% | 10.56% |
| Income between 35K and 50K | 11.88% | 14.98% |
| Income between 50K and 75K | 19.52% | 19.53% |
| Income between 75K and 100K | 14.76% | 12.52% |
| Income between 100K and 150K | 18.28% | 12.14% |
| Income between 150K and 250K | 6.45% | 3.91% |
| Income between 250K and 500K | 2.94% | 3.34% |
| Income greater than 500K | 0.42% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 16.42% | 13.81% |
| Professional and Related Occupations | 28.91% | 22.68% |
| Service | 14.44% | 14.51% |
| Sales and Office | 26.89% | 25.22% |
| Farming, Fishing, and Forestry | 0.04% | 0.68% |
| Construction, Extraction, and Maintenance | 6.72% | 9.37% |
| Production, Transportation, and Material Moving | 9.06% | 15.86% |
The unemployment rate in Medford, MA, is 6.50%, with job growth of -0.06%. Future job growth over the next ten years is predicted to be 33.38%.
Medford, MA Taxes
Medford, MA,sales tax rate is 5.00%. Income tax is 5.30%.
Medford, MA Income and Salaries
The income per capita is $32,274, which includes all adults and children. The median household income is $66,017.
Medford Economy SperlingViews
Medford MA: Quality housing still at affordable prices. A nice bedroom community 7 miles from downtown Boston with excellent access to Cape Cod and New... (read more)Have an opinion about Medford? Leave a commentTo See All SperlingViews for Medford Click Here
