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Economy

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  ECONOMY OVERVIEW
  

The unemployment rate in Somerville, Massachusetts, is 3.00%, with job growth of 1.26%. Future job growth over the next ten years is predicted to be 39.51%.

Somerville, Massachusetts Taxes
Somerville, Massachusetts,sales tax rate is 6.25%. Income tax is 5.10%.

Somerville, Massachusetts Income and Salaries

The income per capita is $36,229, which includes all adults and children. The median household income is $66,866.


  ECONOMYSomerville, MassachusettsUnited States
  Unemployment Rate  3.00%5.20%
  Recent Job Growth  1.26%1.59%
  Future Job Growth  39.51%37.98%
  Sales Taxes  6.25%6.00%
  Income Taxes  5.10%4.60%
  Income per Cap.  $36,229$28,555
  Household Income  $66,866$53,482
  Family Median Income  $74,971$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting  0.25%1.35%
  Mining, quarrying, oil and gas extraction  0.13%0.61%
  Construction  3.27%6.19%
  Manufacturing  6.43%10.41%
  Wholesale trade  1.50%2.72%
  Retail trade  6.57%11.55%
  Transportation and warehousing  1.92%4.11%
  Utilities  00
  Information  3.65%2.12%
  Finance and insurance  4.42%4.69%
  Real estate, rental, leasing  1.77%1.89%
  Professional, scientific, technical services  15.83%6.68%
  Management of companies  0.21%0.08%
  Administrative, support, waste mgt svcs  3.42%4.27%
  Educational services  19.57%9.34%
  Health care and social assistance  12.94%13.81%
  Arts, entertainment, recreation  2.12%2.16%
  Accommodation, food services  8.50%7.44%
  Other services  4.40%4.94%
  Public administration  2.94%4.80%

  ECONOMY MAP

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Reviews for Somerville


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Somerville

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Start Your Review of Somerville, MA


  11/17/2011
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)

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 103

  9/30/2008
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)

 117

 104

  2/8/2008
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)

 103

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