Somerville, Massachusetts 

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Economy in Somerville, Massachusetts

Somerville has an unemployment rate of 4.4%. The US average is 6.0%.

Somerville has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 44.6%, which is higher than the US average of 33.5%.

Tax Rates for Somerville
- The Sales Tax Rate for Somerville is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Somerville 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 Somerville
- The average income of a Somerville resident is $36,229 a year. The US average is $28,555 a year.
- The Median household income of a Somerville resident is $66,866 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSomerville, MassachusettsUnited States
  4.4%6.0%
  -9.1%-6.2%
  44.6%33.5%
  6.3%6.2%
  5.1%4.6%
  $44,399$31,177
  $84,722$57,652
  $95,492$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.1%0.6%
  3.3%6.2%
  6.4%10.4%
  1.5%2.7%
  6.6%11.6%
  1.9%4.1%
  0.2%0.9%
  3.6%2.1%
  4.4%4.7%
  1.8%1.9%
  15.8%6.7%
  0.2%0.1%
  3.4%4.3%
  19.6%9.3%
  12.9%13.8%
  2.1%2.2%
  8.5%7.4%
  4.4%4.9%
  2.9%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Somerville    3 Reviews
    Ready to move on...but where? - 11/17/2011
    I've lived in Somerville/Cambridge for 10 years, the last 4.5 with my husband in Spring Hill. It really is a great place to live if you are in your 20s & 30s: it is... Read More

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    Not too bad a place to live - 9/30/2008
    Living in Somerville is OK. I'm not a 'city' person and I would rather be out in the country some place, but it's not too bad here. I'm in my early 50s and own a house.... Read More

    Davis Square - 2/8/2008
    we are midwest transplants to the Boston area and lucked out by finding this great little neighborhood - right on the train line, little stores and good community - we... Read More


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    COMPARE COST OF LIVING
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    MAPS OF SOMERVILLE, MASSACHUSETTS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Somerville,Massachusetts Map
    ZIP CODES IN SOMERVILLE, MASSACHUSETTS
    02143 02145 02144

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