Beverly, Massachusetts Economy

Economy in Beverly, Massachusetts

Beverly has an unemployment rate of 3.8%. The US average is 5.2%.

Beverly has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is lower than the US average of 38.0%.

Tax Rates for Beverly
- The Sales Tax Rate for Beverly is 6.3%. The US average is 6.0%.
- The Income Tax Rate for Beverly is 5.1%. The US average is 4.6%.

Income and Salaries for Beverly
- The average income of a Beverly resident is $39,471 a year. The US average is $28,555 a year.
- The Median household income of a Beverly resident is $73,980 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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ECONOMY	Beverly, Massachusetts	United States
Unemployment Rate	3.8%	5.2%
Recent Job Growth	0.4%	1.6%
Future Job Growth	36.9%	38.0%
Sales Taxes	6.3%	6.0%
Income Taxes	5.1%	4.6%
Income per Cap.	$39,471	$28,555
Household Income	$73,980	$53,482
Family Median Income	$96,514	$65,443
POPULATION BY OCCUPATION
Agriculture, forestry, fishing, hunting	0.3%	1.3%
Mining, quarrying, oil and gas extraction	0.0%	0.6%
Construction	4.2%	6.2%
Manufacturing	7.9%	10.4%
Wholesale trade	1.6%	2.7%
Retail trade	11.8%	11.6%
Transportation and warehousing	2.6%	4.1%
Utilities	0	0
Information	2.9%	2.1%
Finance and insurance	6.5%	4.7%
Real estate, rental, leasing	1.6%	1.9%
Professional, scientific, technical services	10.9%	6.7%
Management of companies	0.0%	0.1%
Administrative, support, waste mgt svcs	3.3%	4.3%
Educational services	12.5%	9.3%
Health care and social assistance	16.9%	13.8%
Arts, entertainment, recreation	2.9%	2.2%
Accommodation, food services	7.3%	7.4%
Other services	4.0%	4.9%
Public administration	2.4%	4.8%

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Unemployment Rate (US Avg: 5.2%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Beverly 3 Reviews

Cost of Living - 12/29/2015
Although Beverly is beautiful, the cost of living is high. to get a good job, you need to commute into Boston which is expensive. As long as you have the money, great... Read More

Cheryl | Topsfield, MA | Reply | No Replies | Send Message

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I LOVE Beverly - 11/13/2014
I have lived in Beverly for almost 5 years, and have loved every minute of it. The weather is pleasant, but you have to love winters. It's actually not much colder... Read More

Sharon | Beverly, MA | Reply | No Replies | Send Message

Commute - 9/8/2008
You speak about the average commute in Beverly, MA. But you don't say 'to where' or 'from... Read More

Barbara | Beverly, MA | Reply | 1 Reply | Send Message

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MAPS OF BEVERLY, MASSACHUSETTS

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ZIP CODES IN BEVERLY, MASSACHUSETTS

01915

REAL ESTATE IN BEVERLY, MASSACHUSETTS