New Bedford, MA (02745) has an average 2 bedroom rent of $1,300. This is slightly lower than the US average of $1,430. The grocery cost index for New Bedford is 106 compared to 100 in the US. Considering both these factors, New Bedford offers a good value for money to those looking for affordable housing and quality groceries. This city is home to many companies offering great employment opportunities, including Southcoast Health System, Optima Bank & Trust Company, Wainwright Bank & Trust Company and Atlantic Casting & Engineering Corporation among others. These organizations provide locals with rewarding job opportunities with competitive salaries as well as career development opportunities.
New Bedford (zip 02745) has an unemployment rate of 10.2%. The US average is 6.0%.
New Bedford (zip 02745) has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for New Bedford (zip 02745)
- The Sales Tax Rate for New Bedford (zip 02745) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Bedford (zip 02745) 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 New Bedford (zip 02745)
- The average income of a New Bedford (zip 02745) resident is $33,631 a year. The US average is $37,638 a year.
- The Median household income of a New Bedford (zip 02745) resident is $63,623 a year. The US average is $69,021 a year.