02163 Boston, MA, is a popular area in the city with a two bedroom rent of $3,770. This is almost three times the national average of $1,430. The Grocery Cost Index in 02163 is also higher than the US average at 112 compared to 100. In addition to its high cost of living, 02163 is home to a variety of local businesses that add to its vibrant atmosphere. Notable companies include Fenway Sports Group which owns several sports franchises such as the Red Sox and Liverpool F.C., and Putnam Investments which manages global investments for clients. Other notable businesses include The Institute of Contemporary Art and Franklin Sports Group Inc.'s corporate headquarters in Boston. These local companies help make 02163 an attractive place to live and work despite its steep cost of living.
Boston (zip 02163) has an unemployment rate of 6.2%. The US average is 6.0%.
Boston (zip 02163) 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 02163)
- The Sales Tax Rate for Boston (zip 02163) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Boston (zip 02163) 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 02163)
- The average income of a Boston (zip 02163) resident is $26,744 a year. The US average is $37,638 a year.
- The Median household income of a Boston (zip 02163) resident is $67,292 a year. The US average is $69,021 a year.