Everything You Need to Know About the City of New Bedford Massachusetts
In 2017, New Bedford, MA had a population of 95.1k people with a median age of 37.5 and a median household income of $40,626. Between 2016 and 2017 the population of New Bedford, MA grew from 94,988 to 95,125, a 0.144% increase and its median household income grew from $38,178 to $40,626, a 6.41% increase.
The population of New Bedford, Massachusetts is 63.4% White Alone, 20% Hispanic or Latino, and 6.63% Some Other Race Alone. N/A% of the people in New Bedford, MA communicate in a non-English language, and 90.7% are U.S. citizens.
The biggest universities in New Bedford, MA are Rob Roy Academy-New Bedford (15 degrees granted in 2017).
The median property value in New Bedford, MA is $211,500, and the homeownership rate is 41%. Most people in New Bedford, MA drive-by Drove Alone, and the average drive time is 24.2 minutes. The average vehicle proprietorship in New Bedford, MA is 2 vehicles for each household.
In 2017, universities in New Bedford, MA awarded 15 degrees. The student population of New Bedford, MA is skewed towards women, with 2 male students and 14 female students.
Most students graduating from Universities in New Bedford, MA are White (8 and 53.3%), followed by Hispanic or Latino (5 and 33.3%), Black or African American (2 and 13.3%), and Asian (0 and 0%).
The biggest universities in New Bedford, MA by the number of degrees granted are Rob Roy Academy-New Bedford (15 and 100%).
The most popular majors in New Bedford, MA are General Cosmetology (15 and 100%).
The median tuition costs in New Bedford, MA are $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of New Bedford, MA employs 43.3k people and New Bedford has an unemployment rate of 6.1%. New Bedford has seen the job market increase by 3.6% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 32.7%, which is lower than the US average of 33.5%. The largest industries in New Bedford, MA are Health Care and Social Assistance (8,987 people), Retail Trade (5,448 people), and Manufacturing (5,261 people), and the highest paying industries are Public Administration ($57,550), Information ($56,094), and Utilities ($49,028).
Households in New Bedford, MA have a median yearly income of $40,626, which is not exactly the median yearly income of $61,937 over the whole United States. This is in contrast with a median income of $38,178 in 2016, which speaks to a 6.41% yearly development.
Tax Rates for New Bedford
– The Sales Tax Rate for New Bedford is 6.3%.
– The Income Tax Rate for New Bedford is 5.1%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for New Bedford
– The average income of a New Bedford resident is $21,181 a year.
– The Median household income of a New Bedford resident is $36,813 a year.
