Economy in New Bedford, Massachusetts
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| Unemployment Rate | 8.70% | 8.60% |
| Recent Job Growth | -1.48% | 0.35% |
| Future Job Growth | 28.34% | 32.10% |
| Sales Taxes | 5.00% | 5.00% |
| Income Taxes | 5.30% | 4.70% |
| Income per Cap. | $19,660 | $26,154 |
| Household Income | $35,563 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 22.18% | 12.37% |
| Income between 15K and 25K | 15.30% | 10.53% |
| Income between 25K and 35K | 11.91% | 10.88% |
| Income between 35K and 50K | 14.36% | 15.37% |
| Income between 50K and 75K | 17.83% | 20.14% |
| Income between 75K and 100K | 9.51% | 12.41% |
| Income between 100K and 150K | 6.83% | 11.27% |
| Income between 150K and 250K | 1.55% | 5.01% |
| Income between 250K and 500K | 0.46% | 1.86% |
| Income greater than 500K | 0.05% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 6.23% | 14.04% |
| Professional and Related Occupations | 14.73% | 20.61% |
| Service | 19.62% | 14.45% |
| Sales and Office | 23.50% | 26.75% |
| Farming, Fishing, and Forestry | 0.95% | 0.70% |
| Construction, Extraction, and Maintenance | 9.96% | 9.42% |
| Production, Transportation, and Material Moving | 25.02% | 14.05% |
The unemployment rate in New Bedford, MA, is 8.70%, with job growth of -1.48%. Future job growth over the next ten years is predicted to be 28.34%.
New Bedford, MA Taxes
New Bedford, MA,sales tax rate is 5.00%. Income tax is 5.30%.
New Bedford, MA Income and Salaries
The income per capita is $19,660, which includes all adults and children. The median household income is $35,563.
New Bedford Economy SperlingViews
Winters: Cold... (read more)It is what you make it: While unemployment is always a problem here, this city is no worse than any other old Northeastern city. Yes, we do have crime and bad areas, just as any other city... (read more)New Bedford, MA: It's sad to say, but New Bedford has become what Angel said... "a low end dangerous place". Unemployment is high, gangs seem to be prevalent throughout the city, and the... (read more)Have an opinion about New Bedford? Leave a commentTo See All SperlingViews for New Bedford Click Here
