Harvard, MA Economy


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Harvard, MA is a great place to live with its quaint New England charm and friendly atmosphere. It is home to several companies that provide services to the local community. Harvard University offers a variety of educational programs, from undergraduate-level degrees to continuing education courses in a wide range of disciplines. Local health care provider Harvard Pilgrim Health Care provides comprehensive health plans and research initiatives for the area. Harvard Bookstore, an independent bookseller, provides books and other materials for readers of all ages. The grocery store Star Market provides fresh produce and daily necessities at competitive prices. With a 2 bedroom rent of $2170 per month and the US average at only $1430 there is something here for everyone!

Harvard has an unemployment rate of 4.9%. The US average is 6.0%.

Harvard has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Harvard
- The Sales Tax Rate for Harvard is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Harvard 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 Harvard
- The average income of a Harvard resident is $50,853 a year. The US average is $28,555 a year.
- The Median household income of a Harvard resident is $167,393 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHarvard, MassachusettsUnited States
  4.96
  -8.5%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $61,897$37,638
  $167,393$69,021
  $183,906$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  4.2%6.8%
  11.1%10.0%
  4.9%2.5%
  6.6%11.0%
  0.0%4.8%
  1.5%0.8%
  1.6%1.9%
  5.4%4.7%
  2.4%1.9%
  13.5%7.6%
  0.0%0.1%
  3.1%4.2%
  13.5%9.3%
  15.6%14.0%
  3.4%2.1%
  5.3%7.0%
  5.3%4.8%
  1.7%4.7%
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