02145 Somerville, MA is a city located in Middlesex County and is part of the Greater Boston Area. It is home to many businesses and companies such as Amazon Robotics, Philips Research North America, Novartis Institutes of Biomedical Research, Draper & Dash Healthcare Inc., and Omada Health. The average two bedroom rent in 02145 Somerville, MA is $2,880 which is significantly more expensive than the US average of $1,430. The Grocery Cost Index in 02145 Somerville, MA is even higher at 113 compared to the US average of 100. Living costs are high but locals can benefit from the fact that they live close to some of New England’s most exciting attractions and have access to numerous job opportunities within their own city.
Somerville (zip 02145) has an unemployment rate of 4.4%. The US average is 6.0%.
Somerville (zip 02145) 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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Somerville (zip 02145)
- The Sales Tax Rate for Somerville (zip 02145) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 02145) 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 02145)
- The average income of a Somerville (zip 02145) resident is $49,482 a year. The US average is $37,638 a year.
- The Median household income of a Somerville (zip 02145) resident is $99,035 a year. The US average is $69,021 a year.