Zip 01503 (Berlin, MA) Economy


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Berlin, MA is a small town located in Worcester County, Massachusetts. It has a population of just over 5,000 people. With its close proximity to major cities such as Boston and Worcester, it is an ideal place to live for those who want the convenience of city access but the affordability of suburban living. The two bedroom rent in Berlin is $1,430 which is equal to the US average rent for two bedrooms. The grocery cost index in Berlin also mirrors that of the US with 108 versus 100 respectively.
Berlin is home to many local businesses such as Berlin Chevrolet Cadillac Buick GMC Truck Inc., Berlin Optical Expressions, Berlin Bicycle & Pedestrian Paths Committee, and Berlin Auto Body. Residents also have access to several nearby shops across Route 9 including Atlantic Union Bank, Citizens Bank and Ocean State Job Lot.

Berlin (zip 01503) has an unemployment rate of 6.7%. The US average is 6.0%.

Berlin (zip 01503) 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 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Berlin (zip 01503)
- The Sales Tax Rate for Berlin (zip 01503) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Berlin (zip 01503) 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 Berlin (zip 01503)
- The average income of a Berlin (zip 01503) resident is $43,191 a year. The US average is $28,555 a year.
- The Median household income of a Berlin (zip 01503) resident is $106,908 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBerlin, MassachusettsUnited States
  6.76
  -8.6%-6.2%
  38.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $55,248$37,638
  $106,908$69,021
  $121,182$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  5.6%6.8%
  8.9%10.0%
  3.0%2.5%
  13.0%11.0%
  1.2%4.8%
  0.0%0.8%
  2.3%1.9%
  4.3%4.7%
  1.5%1.9%
  13.9%7.6%
  1.2%0.1%
  5.9%4.2%
  13.4%9.3%
  13.1%14.0%
  1.4%2.1%
  2.2%7.0%
  3.3%4.8%
  5.1%4.7%
Health