Zip 01915 (Beverly, MA) Economy


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01915 Beverly, MA is an area of Massachusetts with a thriving economy and great amenities. The two bedroom rent in this city is $2,420, which is higher than the US average rent of $1,430. Additionally, the grocery cost index in 01915 Beverly, MA is 109 compared to a national average of 100. These higher costs give rise to local businesses that meet the needs of the local population. Many companies in 01915 Beverly are dedicated to providing goods and services at competitive prices. Companies such as HomeGoods, Roche Brothers Supermarket, and Stop & Shop all provide essential items for residents of this community. With these businesses meeting the needs of residents in 01915 Beverly, MA, it's easy to see why this area has become so popular.

Beverly (zip 01915) has an unemployment rate of 5.7%. The US average is 6.0%.

Beverly (zip 01915) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Beverly (zip 01915)
- The Sales Tax Rate for Beverly (zip 01915) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Beverly (zip 01915) 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 Beverly (zip 01915)
- The average income of a Beverly (zip 01915) resident is $39,471 a year. The US average is $28,555 a year.
- The Median household income of a Beverly (zip 01915) resident is $89,076 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeverly, MassachusettsUnited States
  5.76
  -10.3%-6.2%
  36.7%33.5%
  6.3%6.2%
  5.1%4.6%
  $49,667$37,638
  $89,076$69,021
  $119,187$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  4.4%6.8%
  7.9%10.0%
  1.8%2.5%
  10.3%11.0%
  2.8%4.8%
  0.3%0.8%
  2.8%1.9%
  7.1%4.7%
  1.3%1.9%
  13.0%7.6%
  0.1%0.1%
  3.4%4.2%
  14.4%9.3%
  13.8%14.0%
  2.4%2.1%
  5.6%7.0%
  5.4%4.8%
  3.0%4.7%
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