North Lakeville, MA Economy


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North Lakeville, MA is a great place to live with lots of amenities and community activities. Rent for a two bedroom apartment is more expensive than the average US rate and grocery cost index is higher here too. Despite this, many people are attracted to the area because of its proximity to local businesses and attractions. North Lakeville residents can enjoy shopping at stores like Target and Walmart as well as dining in restaurants such as Eat Street Kitchen or Cafe Dos Amigos. Additionally, popular attractions include Stone Zoo and the Art Complex Museum, both located close by.

North Lakeville has an unemployment rate of 7.1%. The US average is 6.0%.

North Lakeville has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.

Tax Rates for North Lakeville
- The Sales Tax Rate for North Lakeville is 6.3%. The US average is 7.3%.
- The Income Tax Rate for North Lakeville 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 North Lakeville
- The average income of a North Lakeville resident is $32,538 a year. The US average is $28,555 a year.
- The Median household income of a North Lakeville resident is $77,553 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Lakeville, MassachusettsUnited States
  7.16
  -9.4%-6.2%
  40.2%33.5%
  6.3%6.2%
  5.1%4.6%
  $38,148$37,638
  $77,553$69,021
  $90,804$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  5.4%6.8%
  7.6%10.0%
  2.9%2.5%
  23.7%11.0%
  2.5%4.8%
  0.5%0.8%
  1.8%1.9%
  4.6%4.7%
  0.0%1.9%
  5.5%7.6%
  0.0%0.1%
  2.3%4.2%
  7.2%9.3%
  15.9%14.0%
  0.7%2.1%
  9.9%7.0%
  4.4%4.8%
  4.5%4.7%
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