02116 Boston, MA is a vibrant and diverse neighborhood located in South End. The average two-bedroom rent in this area is $3,890, significantly more than the national average of $1,430. Living costs are generally high in this area with the Grocery Cost Index coming in at 119 compared to 100 nationally. Despite the higher living costs, 02116 is home to several popular amenities and attractions such as companies like South End Formaggio and Back Bay Piano Co., restaurants such as Saus and Myers & Chang, and many local venues like Highball Lounge and Fenway Park.
Boston (zip 02116) has an unemployment rate of 6.2%. The US average is 6.0%.
Boston (zip 02116) has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Boston (zip 02116)
- The Sales Tax Rate for Boston (zip 02116) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Boston (zip 02116) 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 (zip 02116)
- The average income of a Boston (zip 02116) resident is $119,564 a year. The US average is $37,638 a year.
- The Median household income of a Boston (zip 02116) resident is $121,967 a year. The US average is $69,021 a year.