Zip 02199 (Boston, MA) Economy


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02199 Boston, MA is an up-and-coming neighborhood located in the heart of the city. It has seen a sharp increase in rental prices over the last few years, with the average 2 bedroom rent being $3,960 compared to the US average of $1,430. Furthermore, it has a higher grocery cost index at 129 compared to 100 in the US. The area is popular among young professionals and features many local businesses such as South End Fitness Center, The Butcher Shop Beer Garden & Grill and Blick Art Materials. 02199 Boston also has plenty of entertainment options including various theatres and music venues. The nightlife here is vibrant with numerous bars and clubs offering something for everyone. With its lively atmosphere and booming economy, 02199 Boston promises to be one of the most sought after neighborhoods in Boston.

Boston (zip 02199) has an unemployment rate of 6.2%. The US average is 6.0%.

Boston (zip 02199) has seen the job market increase by 4.3% 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 02199)
- The Sales Tax Rate for Boston (zip 02199) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Boston (zip 02199) 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 02199)
- The average income of a Boston (zip 02199) resident is $138,792 a year. The US average is $28,555 a year.
- The Median household income of a Boston (zip 02199) resident is $106,182 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBoston, MassachusettsUnited States
  6.26
  -9.1%-6.2%
  42.5%33.5%
  6.3%6.2%
  5.1%4.6%
  $121,451$37,638
  $106,182$69,021
  $205,795$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.2%6.8%
  0.7%10.0%
  0.0%2.5%
  3.3%11.0%
  0.0%4.8%
  0.0%0.8%
  1.9%1.9%
  24.0%4.7%
  5.0%1.9%
  21.1%7.6%
  0.0%0.1%
  1.2%4.2%
  14.6%9.3%
  9.1%14.0%
  5.3%2.1%
  0.9%7.0%
  0.7%4.8%
  0.0%4.7%
Health