Somerville, Massachusetts 

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Economy in Somerville, Massachusetts

Somerville has an unemployment rate of 3.0%. The US average is 5.2%.

Somerville has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 38.0%.

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

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

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  ECONOMYSomerville, MassachusettsUnited States
  Unemployment Rate3.0%5.2%
  Recent Job Growth1.3%1.6%
  Future Job Growth39.5%38.0%
  Sales Taxes6.3%6.0%
  Income Taxes0.0510.046
  Income per Cap.$36,229$28,555
  Household Income$66,866$53,482
  Family Median Income$74,971$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.2%1.3%
  Mining, quarrying, oil and gas extraction0.1%0.6%
  Construction3.3%6.2%
  Manufacturing6.4%10.4%
  Wholesale trade1.5%2.7%
  Retail trade6.6%11.6%
  Transportation and warehousing1.9%4.1%
  Utilities00
  Information3.6%2.1%
  Finance and insurance4.4%4.7%
  Real estate, rental, leasing1.8%1.9%
  Professional, scientific, technical services15.8%6.7%
  Management of companies0.2%0.1%
  Administrative, support, waste mgt svcs3.4%4.3%
  Educational services19.6%9.3%
  Health care and social assistance12.9%13.8%
  Arts, entertainment, recreation2.1%2.2%
  Accommodation, food services8.5%7.4%
  Other services4.4%4.9%
  Public administration2.9%4.8%
ECONOMY MAP
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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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    MAPS OF SOMERVILLE, MASSACHUSETTS
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Somerville,Massachusetts Map
    ZIP CODES IN SOMERVILLE, MASSACHUSETTS
    02143 02145 02144
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