Zip 02478 (Belmont, MA) Economy


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02478 Belmont, MA is a charming neighborhood located in the greater Boston area. It is known for its convenient access to some of Boston's top employers such as Microsoft, Amazon, and Liberty Mutual. The 2 bedroom rent in Belmont is slightly higher than the national average at $3,150 with a grocery cost index of 118 versus 100 in the US. Locally there are plenty of amenities to enjoy including restaurants, shopping centers and recreational activities like hiking trails and biking paths. Whether you're looking for work or play, 02478 Belmont offers something for everyone!

Belmont (zip 02478) has an unemployment rate of 5.2%. The US average is 6.0%.

Belmont (zip 02478) has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.

Tax Rates for Belmont (zip 02478)
- The Sales Tax Rate for Belmont (zip 02478) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Belmont (zip 02478) 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 Belmont (zip 02478)
- The average income of a Belmont (zip 02478) resident is $56,077 a year. The US average is $28,555 a year.
- The Median household income of a Belmont (zip 02478) resident is $151,290 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelmont, MassachusettsUnited States
  5.26
  -8.9%-6.2%
  41.3%33.5%
  6.3%6.2%
  5.1%4.6%
  $81,341$37,638
  $151,290$69,021
  $185,165$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  3.2%6.8%
  10.2%10.0%
  1.1%2.5%
  6.3%11.0%
  1.0%4.8%
  0.2%0.8%
  3.5%1.9%
  4.8%4.7%
  3.3%1.9%
  25.3%7.6%
  0.2%0.1%
  1.9%4.2%
  16.5%9.3%
  11.0%14.0%
  2.3%2.1%
  2.9%7.0%
  3.1%4.8%
  3.0%4.7%
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