Boston-Cambridge-Newton Metro Area, MA Economy


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United States / Massachusetts / Boston-Cambridge-Newton Metro Area / Counties / Cities / Zip Codes
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 decrease by -8.8% 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 $53,033 a year. The US average is $37,638 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
  5.96
  -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%
Reviews for Boston-Cambridge-Newton
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alanna · 
Over 1 years ago

lived in the boston suburbs since i was 6 and loved every bit of it! such a cultured and educated  More

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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  More

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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  More

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