Economy in Somerville, Massachusetts
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Economy
| Unemployment Rate | 5.30% | 9.10% |
| Recent Job Growth | 0.08% | -0.12% |
| Future Job Growth | 34.86% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $31,868 | $27,067 |
| Household Income | $62,069 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.59% | 12.10% |
| Income between 15K and 25K | 8.13% | 10.18% |
| Income between 25K and 35K | 7.51% | 10.56% |
| Income between 35K and 50K | 12.66% | 14.98% |
| Income between 50K and 75K | 20.46% | 19.53% |
| Income between 75K and 100K | 14.83% | 12.52% |
| Income between 100K and 150K | 15.02% | 12.14% |
| Income between 150K and 250K | 5.99% | 3.91% |
| Income between 250K and 500K | 3.31% | 3.34% |
| Income greater than 500K | 0.49% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 14.27% | 13.81% |
| Professional and Related Occupations | 36.10% | 22.68% |
| Service | 17.88% | 14.51% |
| Sales and Office | 20.85% | 25.22% |
| Farming, Fishing, and Forestry | 0.04% | 0.68% |
| Construction, Extraction, and Maintenance | 4.84% | 9.37% |
| Production, Transportation, and Material Moving | 8.60% | 15.86% |
The unemployment rate in Somerville, MA, is 5.30%, with job growth of 0.08%. Future job growth over the next ten years is predicted to be 34.86%.
Somerville, MA Taxes
Somerville, MA,sales tax rate is 5.00%. Income tax is 5.30%.
Somerville, MA Income and Salaries
The income per capita is $31,868, which includes all adults and children. The median household income is $62,069.
Somerville Economy SperlingViews
Ready to move on...but where?: I've lived in Somerville/Cambridge for 10 years, the last 4.5 with my husband in Spring Hill. It really is a great place to live if you are in your 20s & 30s: it is... (read more)Not too bad a place to live: Living in Somerville is OK. I'm not a 'city' person and I would rather be out in the country some place, but it's not too bad here. I'm in my early 50s and own a house.... (read more)Davis Square: we are midwest transplants to the Boston area and lucked out by finding this great little neighborhood - right on the train line, little stores and good community - we... (read more)Have an opinion about Somerville? Leave a commentTo See All SperlingViews for Somerville Click Here
