Economy in Massachusetts
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| Unemployment Rate | 7.00% | 8.60% |
| Recent Job Growth | -0.07% | 0.35% |
| Future Job Growth | 32.86% | 32.10% |
| Sales Taxes | 6.25% | 5.00% |
| Income Taxes | 5.30% | 4.70% |
| Income per Cap. | $33,014 | $26,154 |
| Household Income | $63,384 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 10.47% | 12.37% |
| Income between 15K and 25K | 8.52% | 10.53% |
| Income between 25K and 35K | 8.18% | 10.88% |
| Income between 35K and 50K | 12.47% | 15.37% |
| Income between 50K and 75K | 18.70% | 20.14% |
| Income between 75K and 100K | 14.44% | 12.41% |
| Income between 100K and 150K | 15.92% | 11.27% |
| Income between 150K and 250K | 7.98% | 5.01% |
| Income between 250K and 500K | 3.06% | 1.86% |
| Income greater than 500K | 0.27% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 15.88% | 14.04% |
| Professional and Related Occupations | 25.58% | 20.61% |
| Service | 13.84% | 14.45% |
| Sales and Office | 25.86% | 26.75% |
| Farming, Fishing, and Forestry | 0.21% | 0.70% |
| Construction, Extraction, and Maintenance | 7.54% | 9.42% |
| Production, Transportation, and Material Moving | 11.10% | 14.05% |
The unemployment rate in Massachusetts, MA, is 7.00%, with job growth of -0.07%. Future job growth over the next ten years is predicted to be 32.86%.
Massachusetts, MA Taxes
Massachusetts, MA,sales tax rate is 6.25%. Income tax is 5.30%.
Massachusetts, MA Income and Salaries
The income per capita is $33,014, which includes all adults and children. The median household income is $63,384.
Massachusetts Economy SperlingViews
Sales Tax: Sales tax was increased from 5% to 6.25% in... (read more)Hard Economy: Like most of the country, Massachusetts has been hit hard with job losses and with... (read more)Time to move out: My wife and I have both lived in Mass. for all our lives (so far) which is almost 50 years. And I haven't a clue why we have not moved out sooner. Actually we owned a... (read more)Have an opinion about Massachusetts? Leave a commentTo See All SperlingViews for Massachusetts Click Here
