Boston, Massachusetts 

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Economy in Boston, Massachusetts

Boston has an unemployment rate of 4.2%. The US average is 5.2%.

Boston has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 38.0%.

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

Income and Salaries for Boston
- The average income of a Boston resident is $34,770 a year. The US average is $28,555 a year.
- The Median household income of a Boston resident is $54,485 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYBoston, MassachusettsUnited States
  Unemployment Rate4.2%5.2%
  Recent Job Growth1.5%1.6%
  Future Job Growth38.7%38.0%
  Sales Taxes6.3%6.0%
  Income Taxes5.1%4.6%
  Income per Cap.$34,770$28,555
  Household Income$54,485$53,482
  Family Median Income$62,362$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.1%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction3.3%6.2%
  Manufacturing4.4%10.4%
  Wholesale trade1.4%2.7%
  Retail trade8.4%11.6%
  Transportation and warehousing2.7%4.1%
  Utilities00
  Information2.4%2.1%
  Finance and insurance7.2%4.7%
  Real estate, rental, leasing2.0%1.9%
  Professional, scientific, technical services11.7%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.5%4.3%
  Educational services13.4%9.3%
  Health care and social assistance18.4%13.8%
  Arts, entertainment, recreation2.1%2.2%
  Accommodation, food services8.5%7.4%
  Other services4.6%4.9%
  Public administration0.043710.04801
ECONOMY MAP
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    Reviews for Boston    111 Reviews
    Not for me - 3/13/2018
    I wouldn't go near Boston unless you make or will make at least 150K a year. Better check the cost of living. Rent here is two or three times what it is in most US... Read More

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    Historical, culture, - 2/7/2018
    Very convenient to get around by foot.. car traffic is more difficult. Top on historic, preservation, like walking back in history. North End, Haymarket Square, Boston... Read More

    Ya know what? - 1/11/2018
    The worst thing about Boston is that it is so expensive. And you know why? Supply and demand: people want to live here. I don't understand all the bad reviews. ... Read More


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    ZIP CODES IN BOSTON, MASSACHUSETTS
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