New Bedford, MA is a coastal city in the south coast of Massachusetts. With a population of around 95,000 people, it is an important fishing port and has a long history with whaling. It is home to several companies including Acushnet Company, which produces golf equipment and apparel. Other notable businesses include A & B Manufacturing Corporation and HarborOne Bank. \nNew Bedford also offers a variety of cultural attractions such as The New Bedford Whaling Museum, which celebrates the city's maritime heritage. Additionally, the Zeiterion Theater hosts concerts, plays, comedy acts and more. Do not forget about local civic organizations like the YMCA of Greater New Bedford and Big Brothers Big Sisters Southeastern MA that help build strong neighborhoods in this vibrant community. With its affordable 2 bedroom rent cost ($1,250) and grocery cost index (105 versus 100 in the US), New Bedford has become an appealing option for families looking for quality living at an attractive price point.
New Bedford has an unemployment rate of 10.2%. The US average is 6.0%.
New Bedford has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for New Bedford
- The Sales Tax Rate for New Bedford is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Bedford 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 New Bedford
- The average income of a New Bedford resident is $21,181 a year. The US average is $28,555 a year.
- The Median household income of a New Bedford resident is $50,581 a year. The US average is $69,021 a year.