Economy & Jobs — Somerville, Massachusetts
Income & Employment
| Median Household Income (Census) | $132,572 |
|---|
| Estimated 2026 | ~$144,800 |
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| Per Capita Income | $70,880 |
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| Poverty Rate | 9.8% |
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| Unemployment Rate | 3.0% |
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| In Labor Force | 57,855 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 30.8% |
| Professional | 25.1% |
| Manufacturing | 8.1% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 1,381 |
| Fast Food | 1,238 |
| Dental Offices | 902 |
| Law Offices | 773 |
| Beauty Salons | 663 |
| Physician Offices | 651 |
| Child Day Care | 602 |
| Coffee Shops | 560 |
| Real Estate Offices | 552 |
| Insurance Agencies | 461 |
| Auto Repair | 419 |
| Convenience Stores | 365 |
| Commercial Banks | 349 |
| Fitness Centers | 347 |
| Liquor Stores | 298 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
