Zip 02723 (Fall River, MA) Economy


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Fall River, Massachusetts (02723) is a city located in Bristol County with a population of 88,857. The 2 Bedroom Rent in Fall River is $1,160 which is lower than the US average of $1,430. The Grocery Cost Index in Fall River is 105 versus 100 in the US. It has several prominent businesses such as BayCoast Bank, Nye Lubricants Inc., and Amazon Fulfillment Center. It also has many parks, museums, and attractions for visitors to explore such as the Battleship Cove Museum Complex and the Lizzie Borden Bed & Breakfast Museum.

Fall River (zip 02723) has an unemployment rate of 11.0%. The US average is 6.0%.

Fall River (zip 02723) has seen the job market decrease by -8.8% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.

Tax Rates for Fall River (zip 02723)
- The Sales Tax Rate for Fall River (zip 02723) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Fall River (zip 02723) 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 Fall River (zip 02723)
- The average income of a Fall River (zip 02723) resident is $27,900 a year. The US average is $37,638 a year.
- The Median household income of a Fall River (zip 02723) resident is $43,142 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFall River, MassachusettsUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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