02144 Somerville is a vibrant city located near Boston with numerous entertainment options. The 2 bedroom rent in the area is more expensive than the US average at $3,370 compared to $1,430. Grocery cost index is also higher than the US average at 116 versus 100. This area of Massachusetts has many companies such as Wayfair, HubSpot and Fidelity Investments that are headquartered nearby for students and professionals alike. Popular universities in the area include Tufts University, Harvard University and MIT all within reasonable distance of 02144 Somerville. There are also lots of attractions like Davis Square Theater, The Somerville Museum and Lowell National Historical Park that make this an ideal place to live and work.
Somerville (zip 02144) has an unemployment rate of 4.4%. The US average is 6.0%.
Somerville (zip 02144) 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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Somerville (zip 02144)
- The Sales Tax Rate for Somerville (zip 02144) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 02144) 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 Somerville (zip 02144)
- The average income of a Somerville (zip 02144) resident is $43,756 a year. The US average is $28,555 a year.
- The Median household income of a Somerville (zip 02144) resident is $117,601 a year. The US average is $69,021 a year.