Economy in Somerville, Massachusetts
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| Unemployment Rate | 5.10% | 8.60% |
| Recent Job Growth | 0.05% | 0.35% |
| Future Job Growth | 35.00% | 32.10% |
| Sales Taxes | 5.00% | 5.00% |
| Income Taxes | 5.30% | 4.70% |
| Income per Cap. | $30,534 | $26,154 |
| Household Income | $57,594 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.71% | 12.37% |
| Income between 15K and 25K | 8.88% | 10.53% |
| Income between 25K and 35K | 7.98% | 10.88% |
| Income between 35K and 50K | 13.91% | 15.37% |
| Income between 50K and 75K | 21.13% | 20.14% |
| Income between 75K and 100K | 14.81% | 12.41% |
| Income between 100K and 150K | 14.11% | 11.27% |
| Income between 150K and 250K | 5.79% | 5.01% |
| Income between 250K and 500K | 1.54% | 1.86% |
| Income greater than 500K | 0.15% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 14.25% | 14.04% |
| Professional and Related Occupations | 33.68% | 20.61% |
| Service | 16.33% | 14.45% |
| Sales and Office | 22.20% | 26.75% |
| Farming, Fishing, and Forestry | 0.03% | 0.70% |
| Construction, Extraction, and Maintenance | 5.03% | 9.42% |
| Production, Transportation, and Material Moving | 8.48% | 14.05% |
The unemployment rate in Somerville, MA, is 5.10%, with job growth of 0.05%. Future job growth over the next ten years is predicted to be 35.00%.
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 $30,534, which includes all adults and children. The median household income is $57,594.
Somerville Economy SperlingViews
re: Ready to move on...but where? - 11/17/2011: The appalachian or blue ridge mountains aré beautiful and so peaceful. We live in Southwest Virginia. Very laid Back. Country folk with a strong southern accent and... (read more)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)Have an opinion about Somerville? Leave a commentTo See All SperlingViews for Somerville Click Here
