Boston-Cambridge-Newton Metro Area, Massachusetts 

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Economy in Boston-Cambridge-Newton Metro Area, Massachusetts

The Boston-Cambridge-Newton, MA Metro Area is an area filled with a variety of opportunities. The two bedroom rent in this area is higher than the US average, at $2,420 compared to $1,430. Grocery costs are also higher here, with an index of 110 versus 100 in the rest of the country. This area is home to many top companies including Fidelity Investments, State Street Bank and Trust Company, The TJX Companies Inc., and Eversource Energy. These companies provide a range of services and products that contribute to the local economy and create jobs for residents.

Boston-Cambridge-Newton Metro Area has an unemployment rate of 5.9%. The US average is 6.0%.

Boston-Cambridge-Newton Metro Area has seen the job market increase by 4.0% 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 Boston-Cambridge-Newton Metro Area
- The Sales Tax Rate for Boston-Cambridge-Newton Metro Area is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Boston-Cambridge-Newton Metro Area 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 Boston-Cambridge-Newton Metro Area
- The average income of a Boston-Cambridge-Newton Metro Area resident is $39,572 a year. The US average is $28,555 a year.
- The Median household income of a Boston-Cambridge-Newton Metro Area resident is $99,039 a year. The US average is $69,021 a year.

INCOME BY POPULATION PERCENT

  ECONOMYBoston-Cambridge-Newton, MassachusettsUnited States
  5.9%6.0%
  -8.8%-6.2%
  40.2%33.5%
  6.3%6.2%
  5.1%4.6%
  $53,033$37,638
  $99,039$69,021
  $123,334$85,028
  POPULATION BY OCCUPATION
  0.3%1.2%
  0.0%0.5%
  5.5%6.8%
  8.8%10.0%
  1.9%2.5%
  9.5%11.0%
  3.2%4.8%
  0.6%0.8%
  2.4%1.9%
  6.2%4.7%
  1.8%1.9%
  12.8%7.6%
  0.2%0.1%
  3.7%4.2%
  11.6%9.3%
  15.6%14.0%
  1.9%2.1%
  6.0%7.0%
  4.2%4.8%
  3.8%4.7%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Boston-Cambridge-Newton    3 Reviews
    love to love you, boston - 1/19/2023
    lived in the boston suburbs since i was 6 and loved every bit of it! such a cultured and educated... Read More
    alanna |  | Reply | No Replies

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    If want gray weather come to Boston - 5/6/2021
    Boston blows. I have lived here for 50 years. Super depressing the majority of the time if you like decent weather. Storms tend to stick around for days. Weather is... Read More

    Lots of work in an unhappy place - 3/6/2021
    I grew up in a big city in TX; have lived in IA, MO, spent chunks of time in MT, OR, WA, CA, and road-tripped all over the US.  I moved to MA ~20 years ago for work, and... Read More


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    MAPS OF BOSTON-CAMBRIDGE-NEWTON METRO AREA, MASSACHUSETTS
    ZIP CODES IN BOSTON-CAMBRIDGE-NEWTON METRO AREA, MASSACHUSETTS
    02148, 02301, 02155, 02360, 02169, 02124, 02151, 01960, 01844, 01841, ... 231 more

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